Dominica — Country Risk Report

Dominica (Americas • Caribbean). Risk report as of the 19 Jun 2026 FATF plenary.

Moderate country risk, with rule-of-law and institutional weakness. Dominica's country risk score is 3.9/10, placing it in the moderate-risk band. The principal driver is weak rule of law and institutions, alongside corruption risk. Dominica is not currently FATF grey- or black-listed. Dominica is not subject to comprehensive country-wide sanctions. Firms should apply additional scrutiny where exposure involves state-linked entities, restricted sectors, sensitive technology, dual-use goods or politically exposed counterparties.

Recommended treatment

Standard due diligence, with enhanced checks for defined risk triggers.

At a glance

  • FATF status: Not currently listed (one indicator only; it does not set the overall country risk rating by itself)
  • Comprehensive country sanctions: none identified. Targeted sanctions exposure: possible, screen applicable persons, entities and sectors
  • Government effectiveness and rule of law: 3.6/10
  • Corruption (CPI 2025): 60/100, rank #37 of 182
  • Enforcement data: not yet assessed (no RegActions coverage)

Country Risk Score: 3.9/10 (Moderate)

Higher score means higher country risk (global average 4.6). Full information available. Strong data coverage. Enforcement activity and CPI are shown for context but do not change the score.

All three parts of the score are available.

How this score was calculated

  • Financial crime controls: 5.6/10 — 50% of this score
  • Government effectiveness and rule of law: 3.6/10 — 30% of this score
  • International sanctions: 0.0/10 — 20% of this score

International sanctions contributes 0.0 because the complete UN, UK, EU and US review found no direct country-level sanctions programme. People or organisations connected to the country may still appear on sanctions lists.

Show the exact calculation

aml 5.6 × 50% + governance 3.6 × 30% + sanctions 0 × 20% = 3.9; final 3.9

Principal risk drivers

  • Government effectiveness and rule of law drive the score; no FATF listing or direct country-level sanctions were identified

Mitigating factors

  • Not currently on the FATF grey or black list.
  • No comprehensive country-wide sanctions programme.
  • Comparatively stronger political stability (1.3/10).
  • Risk is concentrated in specific counterparties, sectors and transactions rather than applying uniformly.

Business impact

  • Customer onboarding (Medium): Additional ownership and control verification may be required.
  • Payments and transactions (Medium): Review transaction purpose, counterparties and geographic routing.
  • Trade and export activity (Medium): Screen goods, end users and potential dual-use exposure.
  • Corporate clients (Medium): Assess state ownership, government links and political exposure.
  • Ongoing monitoring (Medium): Apply alerts for ownership changes, sanctions and geopolitical developments.

Recommended controls

  • Verify ultimate beneficial ownership using more than one reliable source.
  • Identify state ownership, government influence and politically exposed persons.
  • Screen entities, directors and beneficial owners against applicable sanctions lists.
  • Apply enhanced review to technology, defence, telecommunications, financial services and dual-use activity.
  • Document transaction purpose and source of funds where cross-border structures are complex.
  • Escalate unresolved ownership opacity or adverse information to Compliance.

Enhanced due diligence triggers

  • State ownership / control
  • PEP involvement
  • Sensitive / restricted sectors
  • Opaque ownership
  • Adverse media
  • Dual-use goods & technology
  • High-risk intermediary routing

FATF status: Not currently listed

Dominica is not on the FATF grey or black list as of the 19 Jun 2026 plenary.

Source details

International sanctions by issuing body

  • UN: No
  • EU: No
  • UK: No
  • US: No

No means the complete UN, UK, EU and US review found no direct country-level programme. People or organisations may still appear on sanctions lists.

Government effectiveness and rule of law (World Bank 2024, percentile)

  • Government Effectiveness: 54/100
  • Regulatory Quality: 56/100
  • Rule of Law: 64/100

Regulators and legal framework

FATF network

FATF network via CFATF.

Last mutual evaluation: 2023 · report

National regulators

Regulator profiles not yet available on RegActions.

FIU: Egmont Group member (FIU-Dominica)

Framework signals

  • FATF listing: Not currently listed
  • International sanctions: no listed programme identified
  • Corruption (CPI 2025): 60/100, rank #37 of 182
  • Rule of law (WGI): 4.2/10 risk

Sector exposure

  • Banking & payments (Low): No FATF listing, rule-of-law governance within normal range
  • Trade & export controls (Low): No sanctions programme or FATF black-list constraint identified
  • Crypto & virtual assets (Low): No FATF listing, accountability governance within normal range
  • Real estate & luxury assets (Low): Corruption indicators within normal range for high-value assets
  • State-linked & procurement (Low): Political-stability and corruption governance within normal range

Derived from sanctions tier, FATF listing, World Bank WGI governance and CPI; no per-sector dataset is asserted.

Dominica: analysis

Dominica is an Eastern Caribbean state assessed for AML/CFT purposes by the Caribbean Financial Action Task Force (CFATF). Its risk picture is governance-derived, with no FATF or sanctions overlay. The governance base is solid: political stability is strong, accountability is moderate, corruption is moderate and rule of law is moderate. The CPI reading is comparatively strong and corroborates a relatively clean public-sector picture, while Dominica sits in the upper third of the World Bank governance indicators. The most material structural feature is Dominica's citizenship-by-investment programme, which has attracted international scrutiny over due diligence standards and which raises identity-verification risk for financial institutions with Dominican passport-holder or corporate counterparties. Dominica has been the subject of CFATF follow-up reporting on its mutual evaluation.

Outlook

Dominica's profile reflects a sound governance base offset by its citizenship-by-investment exposure. The forward picture depends on the strength of CBI due diligence and screening reforms, CFATF follow-up remediation, and the corruption and rule-of-law domains. Firms should apply enhanced due diligence where counterparties hold Dominican passports or corporate registrations and monitor CFATF follow-up reporting and the October 2026 FATF plenary for any change in status.

Key watchpoints

  • Citizenship-by-investment programme due diligence and screening standards; apply enhanced due diligence to Dominican passport-holders and corporate registrations.
  • CFATF follow-up reporting on Dominica's mutual evaluation and any re-ratings.
  • October 2026 FATF plenary for any change in listing status.
  • Corruption (moderate) and rule of law (moderate) domains as the weakest governance readings.

Assessment currency

  • FATF status: Not listed (as of 19 Jun 2026)
  • Sanctions exposure: None identified (as of Jul 2026)
  • Governance (WGI): Latest dataset incorporated (as of 2024)
  • Corruption (CPI): 60/100 (as of 2025)
  • RegActions assessment: Reviewed (as of 19 Jun 2026)

Public evidence layer

FATF action: none. No FATF call-for-action or increased-monitoring status was identified at the latest plenary. This does not establish low risk.

Contextual signals (not scored)

  • FATF network membership: FATF regional network: CFATF (present, as of 2026-07)
  • EU non-cooperative tax jurisdictions: Not listed in Annex I (absent, as of 2026-02-17)
  • Egmont Group FIU: FIU-Dominica (present, as of 2026-07-17)
  • Beneficial-ownership register: No live register identified in the source (unavailable, as of 2026-07-17)
  • Transparency International CPI: 60/100, rank 37 (present, as of 2025)

Evidence freshness

  • FATF monitored-jurisdiction status: current; data 2026-06-19
  • FATF mutual evaluation and follow-up ratings: current; data 2026-07-31; follow-up 2026-05; base assessment 2023-07
  • World Bank governance indicators: current; data 2024
  • UN, UK, EU and US sanctions regimes: current; data 2026-08-13

Contextual signals are public evidence only and do not change the immutable v2 score.

Download evidence PDF · CSV · JSON

Regional peer scores

FAQ

Is Dominica on the FATF grey list?

No. Dominica is not on the FATF grey or black list as of the 19 Jun 2026 plenary. FATF listing is one AML indicator; absence from the list does not by itself make Dominica low risk. The next FATF plenary review is scheduled for Oct 2026.

Is Dominica subject to sanctions?

No country-level programme was identified. In the approved RegActions snapshot, no comprehensive or targeted country-wide sanctions programme was found for Dominica, but individual listed persons may still exist, so firms should continue to screen counterparties against the applicable lists.

What is Dominica's country risk rating?

RegActions rates Dominica at 3.9/10 (Moderate risk), where a higher score means higher country risk. The score combines financial crime controls, government effectiveness and rule of law, and international sanctions. Transparency International's 2025 Corruption Perceptions Index scores Dominica 60/100 (rank #37 of 182).

What due diligence applies to Dominica?

Standard due diligence, with enhanced checks for defined risk triggers. This is decision-support based on Dominica's FATF status, governance and sanctions signals, and is not a substitute for a firm's own risk assessment.

Source: FATF black & grey lists · World Bank WGI (CC BY 4.0 — World Bank WGI) · TI CPI (CC BY-ND 4.0 — Transparency International, display only)