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.

Curaçao has a high-income economy primarily driven by tourism, international trade, oil refining, and financial services, with a GDP per capita ranking of 46th in the world. The economy has faced challenges due to reduced foreign demand linked to political unrest in Venezuela, but the government is actively working to diversify and attract foreign investment, particularly in information technology.

Curaçao's investment climate is marked by an open economy and proactive government policies aimed at attracting foreign investment, such as the 'Open Arms' initiative. The island is recognized as a corporate haven, providing various corporate structures and tax incentives while maintaining compliance with international standards. Despite facing economic challenges, its strategic location and developed infrastructure enhance its appeal to investors.