Money Transaction Companies, Trust Service Providers, Insurance Brokers, and Securities Brokers Under Supervision

The Central Bank of Aruba (CBA) has released a list of companies that have been granted exemptions, licenses, and dispensations to operate in the financial sector.

Money Transaction Companies Exempted Pursuant to Article 10 of the State Ordinance on the Supervision of Money Transaction Companies (AB 2003 No. 60)

• Mack’ Exchange Services VBA
• Union Caribe N.V.
• Kalpa Exchange Services VBA
• MoneyGram International Inc.
• Western Union Financial Services International, Inc.

Trust Service Providers Under Supervision of the CBA Pursuant to Article 2 of the State Ordinance on the Supervision of Trust Service Providers (AB 2009 No. 13)

• AMTR N.V., whether or not through AMTR Management N.V.
• Arulex Trust Services N.V.
• C.T.F. (Aruba) N.V.
• Euro Trust International N.V.
• IMC International Management & Trust Company N.V., whether or not through:
  • IMC Management Services (Aruba) N.V.
  • IMC Management Company (Aruba) N.V.
  • Oyens Aruba Management Corporation N.V.
  • ATS Management N.V.
  • IMC Corporate Services (Aruba) N.V.
• Intima Management N.V.
• Vistra (Aruba) N.V.
• Standard Trust Company N.V.
• United Trust Management (Aruba) UTM N.V.

Insurance Brokers Under Supervision of the CBA Pursuant to Article 2 of the State Decree on the Supervision of Insurance Brokers (AB 2014 No. 6)

• Aresta Aruba N.V.
• Assurantie Service Centrum Aruba A.S.C.A. N.V.
• Boogaard Assurantiën N.V.
• De L’Isle & Sons Insurance Brokers N.V.
• EFS Equidad Financial Services N.V.
• Framo Insurances N.V.
• Jai Mahalaxmi Enterprises N.V.
• Lyder Insurance Consultants N.V.
• Navigator Insurance Consultants Aruba N.V.
• Seguros Geerman N.V.
• TIB Tromp Insurance Broker VBA
• Turtle Island Insurance Broker N.V.
• Verdant Insurance and Management Company Group N.V.
• WeThink Solutions Consultancy V.B.A.
• Worldwide Insurance Agency N.V.

Credit Institutions Registered at the CBA Pursuant to Article 2, Paragraph 3, of the State Decree on the Supervision of Insurance Brokers (AB 2014 No. 6)

• Aruba Bank N.V.
• Banco di Caribe (Aruba) N.V.
• Caribbean Mercantile Bank N.V.
• Fundacion Cas pa Comunidad Arubano (FCCA)
• Island Finance Aruba N.V.
• RBC Royal Bank (Aruba) N.V.

Insurance Brokers Granted Dispensations to Operate as Insurance Agents

• Fatum Life Aruba N.V. and Fatum General Insurance Aruba N.V.:
  • Ms. O.J. Barret
  • Mr. G.M. Croes
  • Mrs. F.A. Dormoy
  • Mr. J.E. Erasmus
  • Mrs. L.R. Faustin
  • Mrs. O.A. Inocencia
  • Mrs. B.S. van Loon-Kadir
  • Mrs. N.C. Marques Hidalgo
  • Mr. F.C. Martina
  • Mrs. M.V. Peters
• Sagicor Life Aruba N.V.:
  • Mrs. F.B. Corbacho
  • Mr. M.L. Croes
  • Mrs. D.A. Dormoy
  • Mr. J.E. Erasmus
  • Mrs. L.R. Faustin
  • Mrs. O.A. Inocencia
  • Mrs. B.S. van Loon-Kadir
  • Mrs. N.C. Marques Hidalgo
  • Mr. F.C. Martina
• Aruba Living Today N.V: Supplementary insurance brokerage services

Securities Brokers, Asset Managers, Investment Institutions, Custodians, and Stock Exchanges Under Supervision

• Credit Institutions registered at the CBA pursuant to Article 10, Paragraph 2, of the State Ordinance on the Supervision of Securities Business (AB 2016 No. 53):
  • Aruba Bank N.V.
  • Banco di Caribe (Aruba) N.V.
  • Caribbean Mercantile Bank N.V.

The CBA ensures that these companies comply with the relevant laws and regulations to protect the interests of investors and maintain financial stability in the country.