Aruba Country Summary
Sanctions
No
FATF AML Deficient List
No
Terrorism
Corruption
US State ML Assessment
Criminal Markets (GI Index)
EU Tax Blacklist
Offshore Finance Center
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's economy is predominantly driven by tourism, which constitutes about 75% of its gross national product, alongside petroleum refining and offshore banking. Despite a high GDP per capita of approximately $42,300 in 2022, the island faces challenges such as high public debt exceeding 80% of GDP and the economic repercussions of the COVID-19 pandemic.
Aruba presents a favorable investment climate, bolstered by its stable political environment as a part of the Kingdom of the Netherlands. The government has established two free trade zones to promote international trade and investment, offering tax-free conditions for businesses. However, the island faces challenges such as rising public debt, which has exceeded 80% of GDP, leading to increased financial supervision from the Netherlands.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
