Aruba Country Summary
Sanctions
Low Concern
FATF AML Deficient List
Low Concern
Terrorism
Medium Concern
Corruption
Low Concern
US State ML Assessment
High Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Low Concern
Offshore Finance Center
High Concern
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF Status
Aruba is not on the FATF List of Countries that have been identified as having strategic AML deficiencies.
Sanctions
There are no international sanctions currently in force against this country
Bribery & Corruption
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | NA |
| World Bank: Control of Corruption Percentile Rank | 75 |
Economy
Aruba has a small, tourism-dependent economy with a GDP per capita estimated at $42,300 in 2022 and a real GDP growth rate of 10.46%. The economy is significantly impacted by high public debt, which was around 86% of GDP in 2017, and while it benefits from a strong export sector, particularly in tourism and refined petroleum, it faces challenges due to its reliance on the volatile tourism industry.
Aruba's investment climate benefits from its status as a constituent country of the Kingdom of the Netherlands, which provides a stable legal framework and access to European markets. The government actively seeks to attract foreign investment, particularly in the tourism and renewable energy sectors, while also addressing challenges such as high public debt and economic reliance on tourism. Recent initiatives to diversify the economy and explore opportunities in oil refining and renewable energy reflect a proactive approach to enhancing the investment landscape.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
