Aruba Imposes Financial Sanctions Against Terrorists and Human Rights Abusers
In its commitment to combating international terrorism and upholding human rights, the Aruban government has incorporated United Nations sanctions into its domestic legislation. This move enables the country to implement UN sanctions, which are designed to bring about change in situations where legal or democratic principles are being flouted.
ARUBA Freezes Assets of Terrorist Groups
The Aruban government has issued two major sanctions decrees:
- Sanction Decree Combat Terrorism and Financing Terrorism: This decree requires financial institutions to freeze all funds and assets of individuals and organizations listed by the United Nations as affiliated with Al Qaeda and the Taliban. Additionally, a domestic list updated in 2016 includes entities subject to European Union sanctions.
- Sanctions State Decree Libya 2011: This decree freezes all funds or assets belonging to Libyan officials mentioned in UN Security Council Resolutions 1970 and 1973. These individuals are accused of human rights abuses and other violations.
Financial Institutions Must Comply with Sanctions
Aruban financial institutions have a legal obligation to:
- Monitor the contents of the freezing lists
- Ensure compliance with sanctions regulations
- Notify the Reporting Center Unusual Transactions (MOT) and the Central Bank of Aruba (CBA) in case of new sanctions or changes
EU Sanctions Map Provides Up-to-Date Information
The EU Sanctions Map is a digital tool that provides real-time information on current EU sanction directives per country. You can access the map through the following link:
For More Information
Please refer to the official government website for more information on Aruba’s financial sanctions.
Note: The EU Sanctions Map is subject to change, and institutions are advised to regularly check for updates.