On Friday, October 28th, the Central Bank of Aruba (“Centrale Bank van Aruba”, CBA) organized, in close cooperation with the Netherlands Authority for the Financial Markets (“Autoriteit Financiële Markten”, AFM), the Dutch Central Bank (“De Nederlandsche Bank N.V.”, DNB), and the Central Bank of Curaçao and Sint Maarten (“Centrale Bank van Curaçao en Sint Maarten”, CBCS), a seminar for the financial institutions operating in the "Dutch Caribbean". The seminar with the theme "Promoting the Integrity of Financial Institutions operating in the Caribbean part of the Kingdom of the Netherlands" took place at the Renaissance Convention Center. There were more than 150 participants, mainly consisting of representatives from the financial institutions established in Aruba, the BES islands, Curaçao and Sint Maarten, and the aforementioned supervisory authorities.
After the opening speech of the President of the CBA, the DNB and the CBA gave presentations on several topics. The following topics, among others, were covered during the presentations: incident reports, whistleblowers, recent developments in the supervisory legislation and the enforcement policy of the CBA. Hereafter, also the Heads of the Financial Intelligence Units (FIUs) (also known as “Meldpunt Ongebruikelijke Transacties” or “MOT”) of Aruba, Curaçao and Sint Maarten gave presentations on the reporting behavior of financial institutions with regard to the unusual transaction reporting obligation. The presentations will be made available on the CBA’s website (www.cbaruba.org) soon. Seminars like these are aimed at raising the awareness of the financial sector in the “Dutch Caribbean” around this theme.
