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Fear of FATF Blacklist Prods Aruba to Eye Adoption of Stricter AML/CFT Laws
By Colby Adams
printThe Caribbean nation of Aruba is set to impose a raft of new anti-money laundering rules in an attempt to stave off the island's inclusion on an international blacklist that could be released next month. The effort would mean new legislation outlawing terrorist financing and bolstering the country's know-your-customer requirements, according to a government tax advisor who asked not to be named. The Central Bank of Aruba will meet Monday to tweak the proposals before the legislation's likely adoption by the Aruban Parliament later this month, said the advisor. The proposals are a direct response to an October announcement by...
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