FATF/APG’s Mutual Evaluation Report 2025 finds that, despite basic AML/CFT structures, Maldives’ regime remains weak, with poor oversight, enforcement gaps, and opaque ownership fueling FC risks

Key gaps include the absence of a coherent national AML/CFT strategy, weak risk‑based supervision of financial and non‑financial sectors, limited enforcement and sanctions, insufficient measures to counter terrorist financing, and poor transparency around legal persons and beneficial ownership. The report highlights the need for substantial reforms to strengthen national strategy, coordination, supervision, enforcement, and risk-based controls to ensure the Maldives can effectively prevent, detect…