nu Niue

New Documents

OECD Rates Niue as Largely Compliant with Global Tax Transparency Standard

The Global Forum on Transparency and Exchange of Information for Tax Purposes of the Organisation for Economic Co-operation and Development released a Phase 2 peer review report that evaluated Niue’s compliance with the global standard for the exchange of tax information.

March 14, 2016

OECD Recognizes Nieu’s Improvements with Respect to Tax Information Exchange

The Global Forum on Transparency and Exchange of Information for Tax Purposes reported that Niue brought into force its tax information exchange agreement with New Zealand, which is its main trading partner.

August 4, 2014

APG: Mutual Evaluation Reports of Three Countries Have Been Adopted

July 27, 2012

APG: Niue Rated Non-Compliant with Eight FATF Recommendations

July 19, 2012

Niue Amends Proceeds of Crime Act

December 19, 2007

News

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Enforcement Actions

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Key Documents

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Important Facts

  • The U.S. State Department labels Niue as a monitored jurisdiction. Niue is a self-governing democracy, operating in free association with New Zealand. The government relies heavily on New Zealand to assist with external and economic affairs. Niue is not a regional financial center. It does not have any free trade zones. The country has experienced a significant decline in population, largely from the emigration of its population to New Zealand.
  • KYC Covered Entities: Banks; safe deposit box services, trust and company service providers, and individual funds trustees; insurers and insurance intermediaries; securities dealers, futures brokers, money exchangers and remitters; issuers, sellers, or redeemers of traveler's checks, money orders, or similar instruments; payroll and payroll funds delivery businesses; dealers in precious metals and stones; real estate agents; casinos and gambling houses (including internet gaming); lawyers, notaries, and accountants engaged in real estate, client financial management, and the creation, operation, and management of companies; and legal persons and arrangements
  • STR Covered Entities: Banks; safe deposit box services, trust and company service providers, and individual funds trustees; insurers and insurance intermediaries; securities dealers, futures brokers, money exchangers and remitters; issuers, sellers, or redeemers of traveler's checks, money orders, or similar instruments; payroll and payroll funds delivery businesses; dealers in precious metals and stones; real estate agents; casinos and gambling houses (including internet gaming); lawyers, notaries, and accountants engaged in real estate, client financial management, and the creation, operation, and management of companies; and legal persons and arrangements
  • Enhanced Due Diligence Procedures for PEPs: Foreign: Yes; Domestic: Yes
  • Money Laundering Criminal Prosecutions/Convictions: Prosecutions: 0 (2014); Convictions: 0 (2014)
Source: 2016 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i

Technical Effectiveness
Compliant : 3 High :
Largely Compliant : 10 Substantial :
Partially Compliant : 27 Moderate :
Non-Compliant : 8 Low :
Not-Applicable : 1

BASEL i

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TRANSPARENCY INTERNATIONAL i

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Tax Justice Network i

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