Financial Crime World

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Aruba’s Financial Regulator Cracks Down on White-Collar Crime in Island’s Finance Sector

Aruba’s financial regulator has launched a concerted effort to combat white-collar crime in the island’s finance sector, aiming to safeguard the integrity of its international finance centre and protect the economic interests of the Territory.

Regulatory Efforts

The regulatory authority is working tirelessly to ensure that the industry complies with the highest international standards and best practices. This includes:

  • Enforcing all relevant legislation
  • Regulating financial services activities
  • Monitoring the perimeter of regulated activity
  • Facilitating legal and regulatory assistance to overseas agencies

Public Education and Collaboration

In addition, the regulator is educating and informing the public and industry practitioners on matters relating to the financial services business, including:

  • The regulatory regime
  • Best practices for compliance with international standards

The authority is also collaborating with other stakeholders to foster a competitive and attractive financial services environment for legitimate businesses.

Advice to Government and Policy Review

The regulator advises the Government on matters relevant to the financial services industry, ensuring that laws and regulations are:

  • Compatible with international standards
  • Conducive to the sustained competitiveness of Aruba’s finance sector

Furthermore, the authority reviews all financial services and related enforcement legislation and policies to stay attuned to domestic and international developments affecting the industry.

Commitment to Integrity and Good Governance

With its focus on upholding the integrity of the island’s finance centre and combating white-collar crime, Aruba’s financial regulator is committed to:

  • Safeguarding the public interest
  • Promoting accountability, transparency, and good governance in the sector

By taking a proactive approach to combating white-collar crime, Aruba’s financial regulator is working to maintain the trust and confidence of stakeholders in the island’s finance sector.