Tuvalu Country Summary
Medium Risk
View full Ratings TableSanctions
Lower Concern
FATF AML Deficient List
Medium Concern
Terrorism
Medium Concern
Corruption
Lower Concern
US State ML Assessment
Medium Concern
Criminal Markets (GI Index)
Lower Concern
EU Tax Blacklist
Lower Concern
Offshore Finance Center
Lower 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 currently no international sanctions in force against Tuvalu.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | NA |
| World Bank: Control of Corruption Percentile Rank | 72 |
Tuvalu exhibits a low level of crime and corruption, with virtually no incidents of human trafficking, arms trafficking, or significant organized crime. While there is a rise in counterfeit goods and illicit tobacco trade, the country benefits from strong community support and a free education system, contributing to its resilience against crime.
Economy
Tuvalu's economy is classified as an upper middle-income Pacific island economy, primarily driven by fishing, international aid, and remittances from citizens abroad. The nation has a small GDP, with significant income generated from fishing licenses, the Tuvalu Trust Fund, and the leasing of its '.tv' internet domain, while agriculture remains largely subsistence-based, focusing on coconuts and pulaka. Despite periods of economic growth, Tuvalu faces challenges such as high inflation and susceptibility to external economic shocks, which the government is addressing through strategic initiatives aimed at enhancing economic resilience and attracting foreign investment, particularly in climate adaptation projects.
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