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Financial Crime Reporting Requirements in Wallis and Futuna Go Unchecked

A recent assessment by international authorities has revealed that Wallis and Futuna, a French overseas collectivity, does not require financial crime reporting due to its lack of evidence of worst forms of child labor.

Background

Wallis and Futuna is a small territory with a population of 12,200 inhabitants, including 3,420 children. Despite its small size, the territory has a good legal framework on child labor. France has ratified all key international conventions concerning the issue, and the country has laws and regulations in place that align with relevant international standards.

Labor Inspectors

According to officials, there are three labor inspectors in the territory who enforce labor laws and report violations involving children to local social assistance personnel. Additionally, the Defender of Rights promotes children’s rights, including through the prohibition of child labor.

No Evidence of Child Labor

There is no evidence of a problem requiring enforcement actions or mechanisms to coordinate efforts to address child labor. As such, there are no policies or programs in place to address the issue.

Expert Opinion

Experts suggest that government actions to prevent child labor may not be necessary at this time, given the lack of evidence of the practice. However, they emphasize the importance of continued monitoring and reporting on the situation to ensure that any potential issues are addressed quickly.

Assessment Methodology

The assessment was conducted by international authorities who reviewed reports from the U.S. Embassy in Paris, as well as information from the French government and local authorities. The findings were published recently and have sparked interest among experts and officials working to prevent child labor worldwide.

Conclusion

In summary, Wallis and Futuna does not require financial crime reporting due to its lack of evidence of worst forms of child labor. While there is no evidence of a problem requiring enforcement actions or mechanisms to coordinate efforts to address child labor, experts emphasize the importance of continued monitoring and reporting on the situation to ensure that any potential issues are addressed quickly.