General Information
Money laundering is the process by which criminals attempt to conceal the illegal origin of the proceeds of their criminal activity (drugdealing, weapons dealing, human trafficking, kidnapping, etc.) allowing them to maintain control over the proceeds and ultimately, providing a legitimate cover for their sources of income. In the Criminal Code of Curaçao, the penalization of the three types of money laundering (habitual money laundering, intentional money laundering and money laundering by default) is regulated.
Contrary to money laundering where the proceeds always have an illegal origin, terrorism financing on the other hand not necessarily has to do with illegal activities. Financing of terrorism is described as a behaviour as referred to in the International Treaty of New York with regard to combating terrorism financing, signed on December 9th, 1999 (Tractatenblad 2000, no. 12; Tractatenblad 2002, no. 110).
Obligations for Non-Financial Service Providers
All non-financial service providers under FIU supervision are required to:
- Report unusual transactions to the FIU.
- Implement client identification and due diligence measures to prevent money laundering, terrorist financing, and the proliferation of weapons of mass destruction.
The supervision of these activities is carried out by three key entities:
- The Central Bank of Curaçao and St. Maarten
- The Gaming Control Authority
- The Supervisory Department of FIU Curaçao
Together, these entities ensure that reporting obligations and preventive measures are upheld across the relevant sectors.
FAQ
Find answers to common questions about FIU Curaçao’s procedures, regulations, and compliance requirements on our FAQ page.
Awareness
Explore FIU Curaçao’s resources on information and awareness to stay informed about financial regulations and compliance.