Regulatory Alerts2013-08-20 | cba-blob-8529Regulation Designating Introduction Countries under the AML/CFT State Ordinance
The Minister of Justice and Education issued this ministerial regulation to implement Article 16 of Aruba’s AML/CFT State Ordinance by designating specific jurisdictions for client introductions. The regulation formally lists the Netherlands, Curaçao, Sint Maarten, the United States, and Canada as qualifying countries under Article 15. It enables service providers to efficiently apply these introduction rules and entered into force the day after its publication in the Statute Publication Gazette.
Unofficial and not binding translation 2011 No. 65 STATUTE PUBLICATION GAZETTE OF ARUBA MINISTERIAL Regulation of October 18, 2011 for the implementation of Article 16 of the State Ordinance on the Prevention and Combating of Money Laundering and Terrorist Financing (AML/CFT State Ordinance) ('AB' [Statute Publication Gazette] 2011 No. 28) (Regulation designated introduction countries AML/CFT State Ordinance). Issued October 21, 2011 The Minister of Justice and Education, A.L. Dowers
Page 2 Statute Publication Gazette of Aruba 2011 No. 65 The Minister of FINANCE, COMMUNICATION, PUBLIC UTILITIES, and ENERGY, Having considered: that, for reasons of an efficient application by service providers of the possibility to introduce clients, laid down in Article 15 of the State Ordinance on the Prevention and Combating of Money Laundering and Terrorist Financing (AB 2011 No. 28), it is desirable to adopt a list of introduction countries; Having regard to: Article 16 of the State Ordinance on the Prevention and Combating of Money Laundering and Terrorist Financing (AB 2011 No. 28); HAS DECIDED: Article 1
As country or jurisdiction from which clients can be introduced in the manner as described in Article 15 of the State Ordinance on the Prevention and Combating of Money Laundering and Terrorist Financing (AB 2011 No. 28) shall be designated: a. the Netherlands; b. Curaçao; c. Sint Maarten; d. the United States of America; e. Canada. Article 2
- This Ministerial Regulation shall enter into force as of the date following the date of its publication in the Statute Publication Gazette of Aruba.
- It may be cited as Regulation designated introduction countries AML/CFT State Ordinance.
M.E. de Meza