Regulatory Alerts2013-08-20 | cba-blob-8541Regulation Verification Documents for the AML/CFT State Ordinance
The Aruban Minister of Justice and Education, jointly with the Minister of Finance, issued a ministerial regulation to implement Article 19 of the AML/CFT State Ordinance by establishing standardized verification documents for financial service providers. The regulation designates valid identity papers for natural persons, including passports, driver's licenses, and national ID cards, while mandating specific data fields for foreign travel documents. For legal entities, it requires trade register extracts, notarial incorporation deeds, audited financial statements, or official notarial statements to confirm client identity and ultimate beneficial ownership.
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