Financial Intelligence Unit of Aruba

FIU | MOT

The Financial Intelligence Unit of Aruba (FIU) is the international name for the Reporting Centre for Unusual Transactions (MOT). The FIU was set up in 1996 and is an autonomous, independent government body which is governed by the Minister for Finance. The FIU has an administrative function.

Reporting obligation

Based on the State Ordinance for the Prevention and Combating of Money Laundering and Terrorist Financing (LWTF), various financial and non-financial service providers are obligated to report unusual transactions that may be related to money laundering and/or terrorist financing. After analysis the FIU determines which of the unusual transactions are ‘suspicious’. The ‘suspicious’ transactions are then reported to the Police and the Public Prosecutor’s Office.

Task

The primary task of the FIU is to collect, register, edit and analyze the data it obtains, in order to see whether this data may be important when it comes to preventing and detecting crimes, especially money laundering and terrorist financing.

Objective

Based on its statutory responsibility, the FIU makes a considerable contribution to ensuring the integrity of the (inter)national financial sector, to public confidence in companies and institutions which provide financial service and to (inter)national security.