International Collaboration

International Collaboration

International cooperation in the fight against money laundering and terrorist financing

With the objective to obscure crime-related assets, complex international financial structures are often established. The FIU collaborates with various international partners to detect and trace these structures and assets. The exchange of financial intelligence, knowledge, and experience in many cases serves both national and international goals. The FIU’s international partners are:

Financial Action Task Force

The Financial Action Task Force (FATF) is an inter-governmental organization founded in 1989 by the G-7. The FATF is committed to protecting the international financial system from money laundering, the financing of terrorism, the financing of proliferation of weapons of mass destruction (hereinafter: proliferation financing), and associated predicate offences. The FATF has formulated 40 recommendations, which provide the (preventive) measures jurisdictions must take to prevent and combat money laundering, terrorist financing, proliferation financing and associated predicate offences. The FATF monitors compliance with these recommendations through periodic evaluations. FATF evaluates the recommendations regularly; the latest revision took place in 2012. The FATF also conducts international research into new risks, trends, methods and techniques as applied by criminals.

Caribbean Financial Action Task Force

The Caribbean Financial Action Task Force (CFATF) is a FATF-style regional body (FSRB) and it has a similar form and function as the FATF. The CFATF is an Associate Member of the FATF in which various Caribbean countries are represented.

Egmont Group

The Egmont Group, founded in 1995, is an international partnership to promote the exchange of information and international cooperation between FIUs. In addition, the Egmont Group aims to strengthen FIUs by disseminating information and facilitating training on (data) security, (strategic) analyses, methods and techniques of money laundering and terrorist financing as well as international developments in the field of AML/CFT laws and regulations.

Cooperation with foreign FIUs

FIU-Aruba works closely with a large number of foreign FIUs. The FIU actively invests in exploring new cooperation possibilities enabling her to take joint action in the fight against money laundering, terrorist financing and associated predicate offences. In addition, the FIU aims to strengthen and deepen existing partnerships with other financial intelligence units.

Cooperation within the Kingdom of the Netherlands

The international fight against money laundering and terrorist financing benefits from a strong and effective joint approach within the Kingdom of the Netherlands. Close cooperation between the FIUs of Aruba, Curacao, St. Maarten, the BES Islands, and the Netherlands is therefore of vital importance.