This training prepares participants for Aruba’s upcoming CFATF Mutual Evaluation and what it means for their business in practice. Participants will learn how the evaluation works, what assessors look at, and why the focus has moved from having policies on paper to showing they work. The session is built for DNFBPs and other obliged entities. It covers the questions assessors are likely to ask, the evidence supervisors expect, and the steps to take now so your organisation is ready for an on-site visit or a supervisory request.

Level

Beginner to Intermediate

Topics Covered

• Understanding Aruba’s AML/CFT Framework – Key laws, regulations, and supervisory expectations
• Developing a Compliance Policy – Understand components of an AML/CFT policy
• Internal Governance & Compliance Oversight – Roles of MLROs, board involvement, and internal audits
• Client Acceptance Procedure – Risk-based approach, due diligence requirements, and ongoing monitoring
• Strategy for AML/CFT Compliance – Aligning business objectives with regulatory obligations
• Business Risk Assessment (BRA) – Identifying, assessing, and mitigating ML/TF risks
• Reporting Obligations – Requirements and contents of UTRs
• AML/CFT Training & Culture Development – Fostering a strong compliance mindset across the organization

Topics Covered

• The CFATF and the Mutual Evaluation Process – Who the CFATF is, how an evaluation is run, and the main phases from desk review to on-site visit
• Technical Compliance vs. Effectiveness – The difference between having the right rules and showing they work in practice
• The FATF Standards in Practice – The FATF Recommendations most relevant to DNFBPs and how they translate into Aruban obligations
• The Role of Supervisors and the Private Sector – What the Centrale Bank van Aruba and assessors may ask of obliged entities, and how to respond
• Evidence of Effectiveness – Client files, risk assessments, training records and reporting that show your framework works
• Common Gaps and Pitfalls – Weaknesses often seen in DNFBP sectors and how to address them before the evaluation
• Readiness Action Plan – A practical checklist to get your compliance files, policies and staff evaluation-ready

Who Should Attend

MLCOs, compliance officers, directors and staff of DNFBPs such as real estate brokers, car dealers, notaries, lawyers, accountants and trust service providers, plus anyone responsible for AML/CFT compliance in Aruba.

What You’ll Gain

• A clear understanding of the Mutual Evaluation process and timeline
• Insight into what assessors and supervisors are likely to ask DNFBPs
• A practical checklist to assess and improve your readiness