FALA & FEC reporting to the Centrale Bank van Aruba
Do you have a licence to transact outside Aruba?
Unless you apply to the Centrale Bank for each individual payment, no. One other thing can stand in its place, and it is monthly reporting. Every company sending money abroad sits in one of three positions — and many sit in the third without knowing there were three.
Filing monthly since 2021 · 157 returns submitted · Angelo J. Willems · KvK H50872.0
You apply, payment by payment
Permission sought from the Centrale Bank for each individual transaction, before it is made. Slow, tedious, and a regulator inside the timing of your ordinary payments.
Authorised, but bureaucratic and costly. I prepare the applications.
You report, month by month
Foreign accounts reported and flows classified on a monthly cycle. This is the arrangement that stands in for applying, and it holds for exactly as long as you keep it up.
The sweet spot — provided you can commit to it. I run the cycle.
Neither
No applications, no filings. Money still moves, the bank still processes it, and nothing appears to be wrong — which is exactly why this position is so easy to occupy for years without noticing.
The common case — and the one exposed to inquiry and enforcement. Find out which route suits you.
What is actually at stake
Three ways a quiet filing gap becomes an expensive one
You end up on the wrong side of an inquiry
Where the Centrale Bank identifies non-compliance, it weighs measures ranging from an informal conversation or written warning through to formal action. None of those start well, and all of them start with a letter you were not expecting.
You stop holding up your end
The freedom to move money without applying for it rests on the data you supply. A company that files late, or classifies carelessly, is not merely behind on paperwork — it has stopped delivering the consideration. And every later request, exemption or determination is read by people who can see that history.
The commission was wrong the whole time
Misclassified outflows mean the wrong Foreign Exchange Commission was paid, month after month, until someone reconciles it. Arrears compound quietly and corrections are always more expensive than getting the code right the first time.
Not sure which position you are in? Seven questions will tell you. Have reservations first? The questions people ask are answered in full.
The core engagement
The Annual Determination
Know exactly where you stand — and stop thinking about it until next year.
Which accounts are reportable, from when, whether the threshold releases you, and what the commission position is on your outgoing payments. Traced to the decrees in force, in a document you can hand to your accountant, your auditor or your board.
Your position is not permanent. Balances move, volumes move, and the rules themselves are amended — so it is re-established every year against that year’s figures.
What you receive
- Account inventory. Every account and exposure outside Aruba, dormant ones included.
- The threshold test. Balances and gross annual transactions measured separately, with the figures shown.
- A written position. Reportable or not, for which accounts, from which date.
- Commission position. How your outgoing payments should be classified.
- Remediation plan, if needed. What it takes to bring outstanding periods current.
If your position changes, you hear it from me — not from a letter.
Self-assessment
Not sure which position you are in?
Seven questions will tell you roughly where you sit — whether a filing obligation is likely, and whether monthly reporting or per-transaction applications suit your pattern better. Nothing is sent anywhere; the answer is worked out in your browser.
Get in touch
Request this year’s determination
Most conversations begin the same way: are we actually required to file, and for which accounts? That question has a definite answer, and it takes one short conversation to scope. Send your assessment summary, or just the account details, and I will come back with what the determination would cover and what it costs.
Trading as Willems Financial & Regulatory Reporting · registered at the Chamber of Commerce Aruba as Stochastic Traders
KvK H50872.0 · Weg Fontein 23, Standard Ville / Rooi Hundo