The Government of Tuvalu, through the Ministry of Finance and Economic Development, has begun engaging relevant stakeholders to gather information and data for the first National Risk Assessment on Money Laundering, Terrorism Financing and Proliferation Financing.

As a preparatory initiative for the Financial Action Task Force (FATF) Mutual Evaluation process, this National Risk Assessment is a crucial step in ascertaining the compliance status of Tuvalu in regard to the FATF 40 Recommendations and its effectiveness and aptitude for the FATF 11 Immediate Outcomes.

The Tuvalu National Risk Assessment is utilising the World Bank Group Methodology with a risk-based approach to identify existing and potential money laundering, terrorism, and proliferation financing risks in Tuvalu. Once this activity is completed, a work plan will be put in place to address the risks identified, and also to strengthen Tuvalu’s frameworks to combat financial crimes and eliminate the proceeds from these crimes.

A dedicated team from the World Bank Group facilitated a workshop from the 2^nd of November to the 5^th of November 2026 in Funafuti to provide the NRA Working Group with technical assistance and guidance on the use of the methodology. This is to ensure that the information and data collected from different sectors are complete, accurate, and reflect the genuine state of Tuvalu’s Institutional and Legal Framework in relation to these financial crimes. The team also engaged in intensive discussions with attendees of the workshop from the private and public sectors to streamline and ensure the context of the methodology is tailored to the resources available and the processes in place.

The facilitators emphasized the importance of integrity in the information and data that will be projected in the final report of this activity, as the formulation of a practical and appropriate working plan is reliant on this report. It was also stressed that with the precise reflection of the information and data in the final report, the Government and the people of Tuvalu will understand the level of exposure they are to the risks of money laundering, terrorism and proliferation financing.

This National Risk Assessment is coordinated by the Financial Intelligence Unit, and the final report for this activity is projected to be finalized by February 2027.

Any members of the public, the private sector, and other interested stakeholders are encouraged to provide feedback or seek further information by contacting the Financial Intelligence Unit.