Legal Sanctions
The Supervisory Department of FIU Curaçao conducts audits on Designated Non-Financial Businesses and Professions (DNFBPs) under its jurisdiction. These audits ensure that entities comply with their obligations under the NOIS and NORUT regulations, safeguarding the integrity of the financial system and combating money laundering and terrorist financing. If a reporting entity is found to have sufficient knowledge of its legal responsibilities but still fails to comply with the stipulations of NOIS and NORUT, FIU Curaçao may enforce corrective measures, which include:
- Issuing penalties for non-compliance.
- Imposing administrative fines (‘last onder dwangsom’).
- Publicly disclosing offenses committed by the entity.
These enforcement tools are designed to uphold compliance and maintain the integrity of Curaçao’s financial system.
Laws
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Provisions & Guidelines
Access FIU Curaçao’s provisions and guidelines to ensure compliance with financial regulations and reporting requirements.
Legal Sanctions
Learn about FIU Curaçao’s audit procedures, compliance requirements, and penalties for violations of financial regulations.
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.