Money and securities

If you enter or leave Aruba with more than AWG. 20,000,- in cash or securities, or the equivalent thereof in foreign currencies, you must notify this to the Customs Department (Departamento di Aduana).

You’ll need a *MOT form (*Unusual Transactions).

This is available at the counter of Customs Department (Departamento di Aduana) at the airport or harbor. Money and securities in foreign currency must be converted into Aruban florins.

Please note!

You also have to report if you are not the owner of the money or securities, but carry this for someone else.

Felony

Do you transports more than AWG. 20,000,- in cash or securities, but you do not report or you filed an incorrect report? Then you risk a prison sentence and a fine. In addition, the Custom Department (Departamento di Aduana) can seize the money and/or securities.

I've been immersed in the intricacies of financial regulations and international customs laws for quite some time. Handling large sums of money, securities, and navigating the legalities associated with their transportation is a critical aspect of financial compliance.

The information you've provided pertains to the regulations governing the transportation of cash and securities in and out of Aruba. Let's break it down:

Threshold for Declaration: If you're entering or leaving Aruba with over AWG 20,000 in cash or securities (or the equivalent in foreign currencies), you're required to report this to the Customs Department (Departamento di Aduana).
MOT Form: To comply with this regulation, you'll need to fill out an MOT form (Unusual Transactions), available at the Customs Department counters located in the airport or harbor.
Currency Conversion: Foreign currency in the form of cash or securities needs to be converted into Aruban florins for reporting purposes.
Reporting on Behalf of Others: It's crucial to note that even if you're not the owner of the money or securities but are transporting it for someone else, you're still obligated to report it.
Consequences of Non-Compliance: Failure to report amounts exceeding AWG 20,000 or providing inaccurate information can result in severe penalties. These penalties might include a prison sentence, fines, and potential seizure of the money and/or securities by the Customs Department.

The enforcement of such regulations is crucial to prevent illicit financial activities such as money laundering or financing of illegal activities. These laws aim to maintain transparency and traceability in financial transactions while ensuring compliance with international standards.

Understanding and adhering to these regulations are paramount, especially when dealing with substantial sums of money or securities during international travel to or from Aruba. Compliance not only ensures legal obligations are met but also contributes to broader efforts in maintaining the integrity of financial systems.