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, open economy that is primarily driven by tourism, international trade, and oil refining, with significant transformation stemming from the discovery of oil in 1914. While tourism plays a vital role, the economy is less dependent on it compared to other Caribbean nations, as the government focuses on attracting foreign investment and diversifying economic activities, particularly in technology and financial services.

Curaçao's investment climate is bolstered by its status as a tax haven, supported by a legal framework that accommodates various corporate structures and complies with international regulations. The government actively seeks to attract foreign investment, particularly in technology and financial services, to drive economic growth and diversification. Despite facing economic challenges, the island continues to implement strategies aimed at enhancing its investment environment.