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Curacao Country Summary

Sanctions

Lower Concern

FATF AML Deficient List

Lower Concern

Terrorism

Medium Concern

Corruption

Medium Concern

US State ML Assessment

Higher Concern

Criminal Markets (GI Index)

Medium Concern

EU Tax Blacklist

Lower Concern

Offshore Finance Center

Higher 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.

If you would like a demo of our Subscription area, please reserve a day/time that suits you best using this link, or you may Contact Us for further information.

Anti Money Laundering

FATF Status

Curacao is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

It should be noted that the new style FATF Mutual Evaluation has not yet been undertaken.

The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Curacao was undertaken by the Financial Action Task Force (FATF) in 2012. According to that Evaluation, Curacao was deemed Compliant for 8 and Largely Compliant for 17 of the FATF 40 + 9 Recommendations. It was Partially Compliant or Non-Compliant for 4 of the 6 Core Recommendations.

Sanctions

There are no international sanctions currently in force against this country

Criminality

Rating

0 (bad) - 100 (good)
Transparency International Corruption Index NA
World Bank: Control of Corruption Percentile Rank NA

Economy

Curaçao has a high-income economy with diverse sectors such as tourism, oil refining, and international financial services, supported by a well-developed infrastructure and strategic trade location. In 2023, the island faced a trade imbalance with exports estimated at $2.107 billion and imports around $2.764 billion, influenced by external factors like reduced demand from Venezuela and tourism fluctuations.

Curaçao's investment climate is bolstered by its strategic location and established financial services sector, making it an appealing destination for foreign investors. The government actively promotes investment through its 'Open Arms' policy, particularly focusing on information technology and diversified economic activities to enhance economic resilience. Despite facing external economic pressures, the island's legal framework supports various corporate structures, further attracting international business operations.

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