The CFATF 4th Mutual Evaluation Process of Curaçao is concluded with the publication of Curaçao’s Mutual Evaluation Report on July  , 2025. Minister Javier Silvania expresses his sincere gratitude and appreciation to all public- and private sector representatives who have worked and contributed diligently and collaboratively to the Mutual evaluation process of Curaçao.

Minister Silvania welcomes the Report and confirms that Curaçao is committed to rigorously implement its recommended actions. This implementation process will be monitored closely by Minister Silvania and reported to the CFATF through the CFATF follow-up process.

Please find herewith a compilation of Curaçao’s CFATF Mutual Evaluation Process and the findings as can be appreciated in the report.Curaçao underwent its 4th round CFATF mutual evaluation during the period of 2023-2025. During this period several activities took place. Some of these activities include:

• Review and analysis of existing laws and regulations, periodic monitoring and prioritization of certain legislative processes on an ongoing basis;
• Enhanced collaboration between public and private sector stakeholders and periodic meetings to discuss progress and required actions related to the CFATF mutual evaluation;
• Submission of information and documents, evidencing compliance with the 40 FATF Recommendations, based on the CFATF technical compliance Questionnaire in January 2024;
• Submission of information, data and statistics, evidencing compliance with the applicable legal requirements related to combatting money laundering, terrorism financing and proliferation, based on the CFATF effectiveness questionnaire in April 2024;
• the CFATF mutual evaluation on-site was carried out by CFATF Assessors from June 17-28, 2024, during this period the CFATF Assessors held interviews with various public sector organizations and private sector institutions;
• training sessions provided to public – and private sectors during 2023 – 2025 related to the CFATF mutual evaluation;
  
• CFATF Working Group and Plenary Discussions held in Trinidad and Tobago during which the CFATF mutual evaluation report of Curaçao was discussed on May 25 and 29, 2025.

Minister Silvania has been actively involved during this whole process and together with a delegation of Curaçao participated actively in the CFATF Working Group and Plenary Discussions held in Trinidad and Tobago. The mutual evaluation report of Curaçao was adopted during the CFATF plenary on May 29, 2025.

The CFATF Mutual Evaluation Report’s Executive Summary includes the key findings and priority recommended actions and provides an overview of the overall level of compliance and effectiveness which is further detailed in the body of the report.

The report gives the reader insight in the ML/TF risks and context of Curaçao: materiality, structural elements, background and other contextual factors are all considered within the weighing of the respective ratings. The report recognizes the efforts and progress of Curaçao to combat money laundering, terrorism financing and proliferation. The report also underscores our risk understanding and mitigating measures taken by the Public Prosecutor’s Office and the respective law enforcement agencies and supervisory authorities. The effectiveness of Curaçao’s international co-operation is acknowledged with a substantial effectiveness rating. 

The report further identifies areas for improvement in the effectiveness of supervision as carried out by the national supervisory authorities. Moreover, the preventive measures and sanctions related to terrorism financing and proliferation require improvements. Curaçao must undertake actions to address the shortcomings identified on its legal system and on operational issues which include the use of financial intelligence.

The report recognizes that preventive measures taken by institutions under supervision are in accordance with the standards and are deemed effective  which resulted in a moderate level of effectiveness rating. Curaçao must identify the ML/TF risks and vulnerabilities of legal persons and arrangements and ensure timely access to adequate, accurate beneficial ownership information on legal persons and arrangements.

The report includes a Technical Compliance Annex, i.e., an analysis of Curaçao’s compliance with the 40 FATF Recommendations. 

According to the 4th round procedures and based on the results, Curaçao falls under the enhanced follow-up process. This means that Curaçao must demonstrate progress made on the findings and priority actions of the report within designated time frame to avoid being placed on the FATF grey list.

A national action plan will be implemented and monitored periodically by Minister Silvania to address the actions identified, including the allocation of resources where needed to ensure compliance with the recommended actions. Engagement with public and private sector stakeholders will continue in this follow-up process to ensure effective cooperation and collaboration between all stakeholders.

The desired outcome will  be achieved if each stakeholder complies with its designated duties and recommended actions coming out of the report.