Anti Money Laundering

Anti Money Laundering

Anti Money Laundering

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The infrastructure for anti-money laundering and combating the financing of terrorism (AML/CFT) on Curaçao finds its legal basis in the National Ordinance on identification when rendering services (LID) and the National Ordinance on the reporting of unusual transactions (LMOT). These ordinances determine that all service providers offering the opportunity to participate in games of hazard in general, casinos, lotteries, and offshore games of hazard fall within the regulatory scope.

On February 15, 2019, the Curaçao Gaming Control Board (GCB) was officially appointed AML/CFT regulator for all gambling in and from Curaçao. Prior to that, the GCB’s AML/CFT regulatory responsibilities were limited to the landbased casino sector.
 

Legislation and Regulation

The gaming industry operating in and from Curaçao is held to compliance with the National Ordinance on identification when rendering services (Landsverordening identificatie bij dienstverlening (LID), PB 2017, no. 92).  and the National Ordinance on the reporting of unusual transactions (Landsverordening melding ongebruikelijke transacties (LMOT), PB 2017, no. 99).

With the publication of the National Decree supervisor identification when rendering services gaming sector (Landsbesluit toezichthouder identificatie bij dienstverlening kansspelsector, LB van 28 januari 2019, no. 19/0282) and the National Decree supervisor unusual transactions gaming sector (Landsbesluit toezichthouder ongebruikelijke transacties kansspelsector, LB van 28 januari 2019, no. 19/0283), the Curaçao Gaming Control Board (GCB) is tasked with the AML/CFT supervision of the gaming sector operating in and from Curaçao.
 

Legislation

Disclaimer: The legislation available for download is not in the official format. For the purpose of uniformity the legislation was poured into a standard format. For the purpose of user-friendliness, where relevant, an unofficial consolidated text is provided, Although this exercise was performed with the utmost care, no rights can be derived from the use of this format.


PB 2017, no. 92 | Landsverordening identificatie bij dienstverlening (GT)
National Ordinance on identification when rendering services (LID), consolidated text
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LB no. 19/0282 | Landsbesluit toezichthouder identificatie bij dienstverlening kansspelsector.
Appointment of the GCB as the AML/CFT supervisor for the LID for the gaming industry
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PB 2017, no. 99 | Landsverordening melding ongebruikelijke transacties (GT)
National Ordinance on the reporting of unusual transactions (LMOT), consolidated text.
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LB no. 19/0283 | Landsbesluit toezichthouder ongebruikelijke transacties kansspelsector
Appointment of the GCB as the AML/CFT supervisor for the LMOT for the gaming industry
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