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Aruba Implements Various Types of Financial Sanctions to Combat International Crimes and Terrorism

Aruba has implemented various types of financial sanctions as part of its foreign and security policy, aimed at combating international crimes and terrorism. These sanctions are mandatory instruments used in response to breaches of international laws and human rights, or to effect change when legal or democratic principles are not being adhered to.

Implementation of UN Sanctions

According to the Sanctions State Ordinance 2006, UN sanctions can be incorporated into Aruban legislation. The country has enacted various sanction decrees, including:

• Sanction Decree Combat Terrorism and Financing Terrorism: Requires the freezing of all funds and other assets of individuals and organizations listed by the United Nations regarding Al Qaeda and the Taliban.
• Sanctions State Decree Libya 2011: Freezes all funds or other assets present in Aruba that belong to natural persons, legal entities, or other entities mentioned in Annex II of UN Security Council Resolutions 1970 (2011) and 1973 (2011).

Obligations for Financial Institutions

Financial institutions in Aruba are obligated to take measures to ensure compliance with sanctions regulations. They must:

• Keep themselves updated on the contents of freezing lists and changes thereto
• Report any transactions involving designated entities to the:
  • Reporting Center Unusual Transactions (Meldpunt Ongebruikelijke Transacties) (MOT)
  • CBA

EU Sanctions Map

The EU Sanctions Map is a digital tool that provides real-time information on current EU sanction directives per country. The EU sanctions applicable in Aruba are those mentioned in the National Sanction State Decrees.

Learn More

For more information, visit the link below to access the “EU Sanctions Map”: https://www.sanctionsmap.eu/