In support of the fight against money laundering and the financing of terrorism, the State Ordinance for the Prevention and Combating Money Laundering and Terrorist Financing applies to the provision of services by tax advisers, accountants and legal advisors. On the basis of this Ordinance, ATLAS is obliged to identify the client prior to establishing a business relationship.
Identification of Aruban legal entities can be established on the basis of an excerpt from the trade register.
Identification of foreign legal entities can be established on the basis of an excerpt from the trade register of the country of origin and on the basis of other documents generally accepted in international business and acknowledged as a valid means of identification in the entity’s country of origin. Further it is required to ask for the name and date of birth of the person representing the client.
If applicable, both for local and foreign legal entities the ultimate beneficial owner has to be identified. This is the natural person who, directly or indirectly, owns more than 25% of the entity or entities, or otherwise has control over the client.
Identification of natural persons can be established on the basis of a valid passport or other lawful means of identification.
Should you have any questions regarding the implementation of the State Ordinance for the Prevention and Combating Money Laundering and Terrorist Financing, ATLAS is ready to provide you with further details.