RegAlertAruba: lending & credit regulation
Partially regulatedLending unregulated; AML/CFT obligations apply via CBA handbook
- Lead regulator
- Central Bank of Aruba (CBA)
- Also involved
- Ministry of Justice (commercial registration) · FIU (financial intelligence)
- Core law
- CBA AML/CFT Handbook (2020)
- Entry capital
- —
- Approval timeline
- —
- Customer assets
- No specific segregation rules for non-bank lenders
- Data protection
- Personal Data Protection Act · Autoridad pa Proteccion di Datos
- Sandbox
- No
Aruba does not have a specific licensing regime for general lending or consumer credit activities. However, entities acting as financial institutions or designated non-financial businesses are subject to comprehensive Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) obligations under the Central Bank of Aruba's regulatory framework. The jurisdiction relies on general commercial law for lending contracts, with AML compliance being the primary regulatory hurdle.
Which licence do you need?
| Your activity | Requirement | Capital | Timeline | Authority |
|---|---|---|---|---|
| Consumer lending | Uncertain[1]verify with regulator No specific lending license; AML/CFT obligations likely apply | — | — | — |
| SME / commercial lending | Uncertain[1]verify with regulator Commercial lending generally unregulated; AML/CFT applies | — | — | — |
| Microfinance | Uncertain[1]verify with regulator No distinct microfinance regime identified | — | — | — |
| Buy-now-pay-later | Uncertain[1]verify with regulator Treated as consumer credit; AML/CFT obligations apply | — | — | — |
| P2P lending platform | Uncertain[1]verify with regulator Platform operators may be designated service providers | — | — | — |
| Credit bureau / scoring | Uncertainverify with regulator Data protection laws apply; no specific credit bureau license | — | — | — |
| Debt collection | Uncertain[1]verify with regulator General commercial law; AML/CFT if acting as financial agent | — | — | — |
Market-entry checklist
- 1Register commercial entityIncorporate with the Chamber of Commerce and Industry of Aruba.
- 2Implement AML/CFT programEstablish KYC and monitoring procedures per CBA Handbook.
- 3Appoint Compliance OfficerDesignate a responsible person for AML/CFT obligations.
- 4Register with FIUEnsure reporting mechanisms for suspicious transactions are in place.