Tuvalu Country Summary
Sanctions
Low Concern
FATF AML Deficient List
Medium Concern
Terrorism
Medium Concern
Corruption
Low Concern
US State ML Assessment
Medium Concern
Criminal Markets (GI Index)
Low Concern
EU Tax Blacklist
Low Concern
Offshore Finance Center
Low Concern
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF Status
Tuvalu is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
Tuvalu has not yet undertaken a Mutual Evaluation relating to the implementation of anti-money laundering and counter-terrorist financing standards.
Sanctions
There are no international sanctions currently in force against this country
Bribery & Corruption
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | NA |
| World Bank: Control of Corruption Percentile Rank | 72 |
Economy
Tuvalu's economy is primarily dependent on fishing, international aid, and remittances from citizens working abroad, particularly in maritime sectors. The country has a small GDP and is classified as a least developed country, with limited agricultural production focused on subsistence farming and significant reliance on food imports.
Tuvalu's investment climate is shaped by its remote location and limited infrastructure, which can pose challenges for attracting foreign investment. Nevertheless, the government actively seeks international partnerships and aid to bolster development projects, particularly in areas such as climate adaptation and infrastructure. The Tuvalu Trust Fund, supported by contributions from Australia, New Zealand, and the UK, plays a vital role in providing financial stability amid economic difficulties.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
