ArubaThe Centrale Bank van Aruba published the 11th annual Financial Sector Supervision Report, providing an overview of the island’s financial performance and the most significant developments in the regulatory landscape.
The Centrale Bank van Aruba outlines the island’s financial supervisory and regulatory developments for 2021 and its financial performance for that year.
Caribbean Banks Found Workarounds After Losing Correspondent Accounts
At least nine Caribbean banks that have lost access to U.S. correspondent accounts as a result of the “de-risking” trend now access U.S. dollars indirectly, usually at higher costs, through their ties to U.K. and other overseas financial institutions, sources told ACAMS moneylaundering.com.
Guyana failed to approve AML legislation ahead of this week’s FATF plenary, Fiji is expanding the powers of its law enforcement by allowing phone tapping in order to boost its fight against money laundering, and more, in this week’s roundup.
Aruba’s AML Efforts Lack ‘Coherence,’ Says FATF
0 Items Found
| Technical | Effectiveness |
|---|---|
| Compliant : 18 | High : 0 |
| Largely Compliant : 15 | Substantial : 6 |
| Partially Compliant : 7 | Moderate : 6 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 58/141 |
| Score : 5.34/10 |
| Rank : N/A |
| Score : N/A |
| Rank : 112/133 |
| Score : 73/100 |