Curacao tightens anti-money laundering regulations

The new rules will come into effect on September 1, 2024, and include the following measures:

1. Providers are required to conduct detailed checks on transactions of €2,200 or more to prevent money laundering.
2. Clients must be checked against EU, USA, and UN sanctions lists, especially if they are politically significant persons.
3. Every operator must have an AML (Anti-Money Laundering) officer.
4. Licensees are required to comply with strict rules and provide a comprehensive set of internal documents for activity monitoring.

These measures are consistent with regulations adopted in Malta and other EU countries, supporting financial security standards.