FIU warns of risks from crypto, complex corporate structures and hidden company ownership

ORANJESTAD – Financial crime is becoming more complex, more international and increasingly digital. That is one of the key messages in the FIU-Aruba Annual Report 2025.

The report states that Aruba, as a small but globally connected economy, remains exposed to risks originating abroad. Transnational criminal networks generate illicit proceeds through drug trafficking, arms trafficking, human trafficking, illegal mining and corruption. Those funds can move through the financial system, commercial activities and informal networks.

FIU-Aruba is paying particular attention to virtual assets and cryptocurrencies. Although the current risk remains relatively limited in the local market, the agency warns that advances in financial technology could create new opportunities for digital fraud, cross-border money laundering and concealing the movement of illicit funds.

Another major focus is beneficial ownership—identifying the individuals who ultimately own or control a company or legal entity. Aruba has introduced legislation requiring companies to register their ultimate beneficial owners with the Chamber of Commerce. However, according to FIU-Aruba, stronger verification, oversight and enforcement are still needed when information is inaccurate or not kept up to date.

Looking ahead, FIU-Aruba says it will continue strengthening its analytical capabilities, technology and cooperation with partner institutions to ensure Aruba remains well equipped to combat emerging forms of financial crime. The full report is available on the FIU-Aruba website.