Tuvalu Country Summary
Sanctions
No
FATF AML Deficient List
No but Mutual Evaluation not yet undertaken
Terrorism
Corruption
US State ML Assessment
Criminal Markets (GI Index)
EU Tax Blacklist
Offshore Finance Center
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 | 74 |
Economy
Tuvalu's economy is classified as an upper middle-income Pacific island economy that is highly vulnerable to environmental changes. It relies primarily on fishing, international aid, and remittances from citizens working abroad, with limited agricultural production due to poor soil quality. Economic growth has been inconsistent, bolstered by fishing licenses, the Tuvalu Trust Fund, and revenue from its '.tv' Internet domain.
Tuvalu's investment climate is shaped by its small size and vulnerability to external economic shocks, categorizing it as a least developed country by the UN. The government actively pursues foreign aid and investment, particularly in areas that promote climate resilience and sustainable development, with significant financial support coming from the Tuvalu Trust Fund and recent agreements with Australia aimed at enhancing economic opportunities.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
