Aruba, Kingdom of the Netherlands

Related publications

  • 21 Jul 2022

    Aruba's measures to combat money laundering and terrorist financing This report provides a summary of the anti-money laundering and combating financing of terrorism (AML/CFT) measures in place in Aruba as at the date of the on-site visit (30 August to 10 September 2021). It analyses the level of compliance with the Financial Action Task Force (FATF) 40 Recommendations and the level of effectiveness of Aruba's AML/CFT system and provides recommendations on how the system could be strengthened.

  • 14 Feb 2014

    Outcomes from the meeting of the FATF Plenary, Paris 12-14 February 2014 The FATF Plenary updated its statements identifying high-risk and non-cooperative jurisdictions. The Plenary adopted the follow-up reports to the mutual evaluations of Aruba Kingdom of the Netherlands, Austria, Canada, Luxembourg, Mexico and the Netherlands and reviewed the voluntary tax compliance programmes in several jurisdictions.

  • 14 Feb 2014

    Mutual Evaluation of the Aruba, Kingdom of the Netherlands: 8th Follow-up Report This follow-up report provides an overview of the main changes made to the AML/CFT system in Aruba, Kingdom of the Netherlands since the October 2009 mutual evaluation. Since the adoption of its October 2009 Mutual Evaluation Report, Aruba, Kingdom of the Netherlands has made significant progress in addressing deficiencies identified in the October report. In February 2014, the FATF decided that the country should be removed from the regular follow-up process.

  • 16 Oct 2009

    Mutual Evaluation of Aruba, Kingdom of the Netherlands A summary of the anti-money laundering AML and combating the financing of terrorism CFT measures in place in Aruba, the Kingdom of the Netherlands at December 2008 the date of the on-site visit and immediately thereafter. It describes and analyses those measures and provides recommendations on how certain aspects of the system could be strengthened.

Member of

Ratings

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

4th round France ratings

IO1
HE
IO2
HE
IO3
HE
IO4
HE
IO5
HE
IO6
SE
IO7
HE
IO8
HE
IO9
HE
IO10
ME
IO11
SE

Technical Compliance

Definition

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant   |   NA = not applicable

4th round France ratings

R.1 - Assessing risk & applying risk-based approach
C
R.2 - National cooperation and coordination
C
R.3 - Money laundering offence
C
R.4 - Confiscation and provisional measures
C
R.5 - Terrorist financing offence
C
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
PC
R.7 - Targeted financial sanctions related to proliferation
NC
R.8 - Non-profit organisations
PC
R.9 - Financial institution secrecy laws
PC
R.10 - Customer due diligence
C
R.11 - Record keeping
PC
R.12 - Politically exposed persons
PC
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
C
R.15 - New technologies
C
R.16 - Wire transfers
C
R.17 - Reliance on third parties
C
R.18 - Internal controls and foreign branches and subsidiaries
PC
R.19 - Higher-risk countries
C
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
PC
R.22 - DNFBPs: Customer due diligence
NC
R.23 - DNFBPs: Other measures
C
R.24 - Transparency and beneficial ownership of legal persons
LC
R.25 - Transparency and beneficial ownership of legal arrangements
PC
R.26 - Regulation and supervision of financial institutions
NC
R.27 - Powers of supervisors
C
R.28 - Regulation and supervision of DNFBPs
C
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
PC
R.31 - Powers of law enforcement and investigative authorities
PC
R.32 - Cash couriers
LC
R.33 - Statistics
LC
R.34 - Guidance and feedback
PC
R.35- Sanctions
PC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
PC
R.38 - Mutual legal assistance: freezing and confiscation
C
R.39 - Extradition
PC
R.40 - Other forms of international cooperation
LC