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 heavily reliant on tourism, which constitutes approximately 75% of its gross national product, alongside petroleum transshipment and banking. Despite facing significant setbacks due to the COVID-19 pandemic, the economy is showing signs of recovery, with a GDP per capita of around $42,300 in 2022 and ongoing discussions about reopening the oil refinery to boost economic activity.
Aruba offers a stable investment climate, supported by a pegged exchange rate of the Aruban florin to the US dollar, which facilitates trade. The presence of two free trade zones enhances its attractiveness for foreign investors by promoting tax-free import and export activities. Despite challenges such as rising public debt, Aruba remains a prosperous destination with a growing tourism sector.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
