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Maldives Struggles with Compliance to International Sanctions

The Maldives has been facing significant difficulties in complying with international sanctions, ranking poorly on various indices that measure ease of compliance. In this article, we will explore the reasons behind this trend and discuss the potential consequences for the island nation.

Lack of Autonomy in Maintaining Sanctions List

According to experts, a higher weighted score indicates that it is easier for a country to comply with its sanctions list. Conversely, a lower score signifies that compliance is more challenging, while a score of zero indicates that the country does not have an autonomous sanctions list.

  • The Maldives has been found to lack an independent public sanctions list, leaving it vulnerable to non-compliance issues.
  • The country relies on external entities for maintaining its sanctions list, raising concerns about accountability and transparency.

Failure to Implement International Sanctions Regimes

Despite being a signatory to UN sanctions, the Maldives does not implement any other international sanctions regimes. This suggests a lack of commitment towards adhering to global norms.

  • The Maldivian government’s failure to implement international sanctions regimes raises concerns about its willingness to adhere to global standards.
  • This lack of compliance could have severe consequences for the country’s financial systems and reputation on the global stage.

Consequences of Non-Compliance

Experts warn that the Maldives’ lack of compliance with international sanctions could lead to severe consequences, including:

  • Damage to the country’s financial systems
  • Negative impact on its reputation on the global stage
  • Potential loss of business and investment opportunities

Call for Action from the Maldivian Government

It is imperative for the Maldivian government to take immediate action to rectify these issues and ensure that the country is in line with international standards. The government must:

  • Establish an independent public sanctions list
  • Implement other international sanctions regimes
  • Ensure transparency and accountability in maintaining its sanctions list

By taking these steps, the Maldives can demonstrate its commitment to complying with international sanctions and avoid the potential consequences of non-compliance.