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 well-developed open economy, primarily driven by tourism, international trade, shipping services, and oil refining, ranking 46th globally in GDP (PPP) per capita. Despite facing economic stagnation due to reduced foreign demand linked to political unrest in Venezuela, sectors like construction and financial intermediation have shown growth, while the government actively seeks to attract foreign investment to diversify the economy.

Curaçao's investment climate is bolstered by its open economy and strategic location, making it an attractive destination for foreign investors, particularly in the information technology sector under the 'Open Arms' policy. The island's legal system supports diverse corporate structures while ensuring compliance with international tax standards, enhancing its reputation as a corporate haven. Despite facing economic challenges, the government actively seeks to diversify the economy and has seen growth in sectors like construction and financial services.