Author Archives: FIU-Aruba

  Effective 21 September 2023, and until further notice, all financial and non-financial service providers are required to report subjective unusual transactions related to proliferation financing under indicator 130202 (subjective indicator for terrorist financing). Additionally, all financial and non-financial service providers must include a reference to “Proliferatie” in the description of the report. Currently, the

FIU-Aruba reiterates the importance that service providers stay abreast of the public statements that are published on the website of the Financial Action Task Force (FATF) in relation to jurisdictions that are under increased monitoring and high-risk jurisdictions subject to a call for action. Responsibility of service providers in relation to jurisdictions that are under

Having regard for, in particular, article 2 (3) of Council Regulation 2580/2001 of 27 December 2001 regarding the implementation of restrictive measures against persons, groups and entities with the aim of combating terrorism, the Council has reevaluated the established list as adopted in Regulation (EU) 2023/420 of 24 February 2023. The Council has concluded that

With a focus on human rights violations and abuses against women, the Council of the European Union (hereinafter: Council) has adopted Regulation (EU) 2023/500 and Council Decision (CFSP) 2023/501 on 7 March 2023. The adopted Regulation and Decision further implement the restrictive measures against serious human rights violations and abuses in Regulation (EU) 2020/1998 and

The devastating earthquake of February 6th 2023 and its many aftershocks in Turkey and Syria have left tens of thousands dead. Even more have been injured and lost their home and belongings. In the wake of this immense tragedy, people from all over the world have donated clothes and other items to non-profit organizations (NPOs).

Having regard for, in particular, article 2 (3) of Council Regulation 2580/2001 of 27 December 2001 regarding the implementation of restrictive measures against persons, groups and entities with the aim of combating terrorism, the Council has reevaluated the established list as adopted in Regulation (EU) 2022/1230 of 18 July 2022. The Council has concluded that

FATF statement Periodically, FATF publishes a list of countries with identified strategical AML/CFT/CPF shortcomings. Whenever FATF places a jurisdiction under increased monitoring, it means that the jurisdiction has committed itself to mitigate the identified shortcomings within a certain timeframe. Within this timeframe, the jurisdiction will be subject to increased monitoring by the FATF or the

FATF statement FATF regularly publishes a list of countries that have significant strategic deficiencies in their national AML/CFT/CPF regimes. For the countries that are considered to be of high risk, all jurisdictions should apply enhanced due diligence or, in the most serious cases, apply countermeasures in order to protect the international financial system from the

On 24 February 2023, one year after the invasion of Ukraine by the Russian Federation, FATF has decided to suspend Russia’s membership while emphasizing that the Russian Federation remains accountable to its obligation to implement the FATF standards and that it must continue to meet its financial obligations. Hence, Russia will remain an active member