The Asia/Pacific Group on Money Laundering (APG) Secretariat, in partnership with the World Bank and the Pacific Islands Forum Secretariat, has completed a joint implementation support visit to Tuvalu. This marks the APG’s first visit to Tuvalu since its became an APG member in 2023.
The visit forms part of ongoing efforts to support Pacific Island members in strengthening Anti-Money Laundering, Counter-Terrorist Financing and Counter Proliferation Financing (AML/CFT/CPF) frameworks, recognising the unique challenges faced by small island states.
Throughout the week, the delegation met with a wide range of stakeholders, including the Deputy Prime Minister, Cabinet Ministers, Permanent Secretaries, government officials, private sector representatives and members of the media. Discussions focused on advancing Tuvalu’s implementation of its AML/CFT/CPF framework in a way that is proportionate to its risks and national context.
In opening remarks delivered virtually, APG Co-Chair Mr Mitsutoshi Kajikawa of Japan’s Ministry of Finance highlighted the importance of regional cooperation:
“One of Japan’s APG Co-Chair priorities for 2024–26 is strengthening AML/CFT regimes across the APG region and enhancing international cooperation. This includes supporting capacity development for Pacific Island countries. The APG and Japan remain deeply committed to the stability and prosperity of the Pacific region.”
Permanent Secretary of the Tuvalu Ministry of Finance and Economic Development, Mr Nuausala Nuausala, emphasised the country’s commitment to reform:
“One of the priorities initiated by the Government is the development of an AML/CFT framework. Tuvalu is a small island state working to implement the same standards as much larger countries. By the end of this week, we hope to have clear steps to improve and strengthen our framework.”
APG Deputy Executive Secretary Ms Suzie White reaffirmed the APG’s support:
“We are here to support Tuvalu in developing an AML/CFT framework that is aligned with its specific risks and circumstances. Our goal is to help safeguard Tuvalu’s economy and protect its community from financial crime.”
The visit underscores the importance of tailored, partner-driven support in building effective and sustainable AML/CFT systems in the Pacific. It also highlights the strong collaboration between regional and international partners in assisting APG members to meet global standards while addressing national priorities.