State Ordinance MOT, extends obligation to report!
Financial Intelligence unit of Aruba
The Obligation to report has been extended!
It may also be applicable for you?
As of 1995 the State Ordinance MOT requires financial and non-financial institutions which include banks, money transfer companies, casinos, life insurance companies and brokers to report transactions that can be related to money laundering and the financing of terrorism to Aruba's Financial Intelligence Unit (FIU) or Meldpunt ONgebruikelijke Transacties (MOT).
Following the recommendations of the international organization Financial Action Task Force (FATF), Aruba joins the countries around the world that expand their anti money laundering and counter terrorism financing legislation to other sectors. This took effect by amending the State Ordinance MOT (AB 2009 no.14). As of February 5, 2009 the reporting obligation has been expanded to the following:
Independent Professionals:
Lawyers
Notaries
Accountants
Tax Advisors
Dealers in goods of high value:
Real Estate Agents
Dealers in vehicles
Dealers in boats and airplanes
Dealers in antiques and arts
Dealers in precious stones, presious metals and jewelry
The transactions that must be reported to the FIU are stated in the Ministrial Regulation for independent professionals (AB 2009 no.18) and in the Ministrial Regulation for dealers in goods of high value (AB 2009 no.19)
In accordance with the State Ordinance MOT, all independent professionals and dealers in goods of high value are required to REGISTER at the FIU no later than FRIDAY APRIL 17,2009
To receive the registration form, please send a request to the FIU by e-mail
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.
For additional information you can contact the FIU at telephone: 583 3115, 583 3206 or 583 3471
Financial Intelligence unit of Aruba