Curacao 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
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
Bribery & Corruption
| Rating | 0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | NA |
| World Bank: Control of Corruption Percentile Rank | NA |
Economy
Curaçao has a well-developed open economy primarily driven by tourism, international trade, oil refining, and financial services, ranking 46th globally in GDP per capita and classified as a high-income economy. Despite facing challenges from reduced foreign demand due to political unrest in Venezuela, sectors such as construction, financial intermediation, and utilities have shown growth. The government is actively promoting economic diversification to enhance resilience and attract foreign investment.
Curaçao's investment climate is bolstered by its 'Open Arms' policy aimed at attracting foreign investment, particularly in the information technology sector. Recognized as a tax haven, the island offers various corporate structures while adhering to international standards, making it appealing to investors. Despite facing challenges, its strategic location and developed infrastructure contribute to its attractiveness as an investment destination.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
