IslandsDaily
Curaçao Gaming Authority Issued Licenses With Ownership Questions UnresolvedPhoto: Curaçao Chronicle
BusinessCuraçao

Curaçao Gaming Authority Issued Licenses With Ownership Questions Unresolved

Source: Curaçao Chronicle·22 minutes ago·Curaçao·1 min read

An investigation has found that the Curaçao Gaming Authority granted online gambling licenses to operators despite leaving critical questions about company ownership unanswered. The regulator, which oversees one of the world's largest online gaming licensing jurisdictions, reportedly approved licenses without fully verifying who ultimately controls the entities behind the applications. This raises serious concerns about transparency, anti-money laundering compliance, and the integrity of Curaçao's gaming regulatory framework. The island's gaming sector is a significant contributor to its economy, making regulatory credibility essential to its international reputation. The findings come at a sensitive time, as Curaçao has been under pressure from the Dutch government and international watchdogs to reform its gaming oversight. Unanswered ownership questions can expose the jurisdiction to risks including enabling illicit financial flows through unlicensed or unverified operators. The investigation adds to a growing body of scrutiny over whether Curaçao's gaming authority has the capacity and will to enforce proper due diligence standards.

Key Facts
  • The Curaçao Gaming Authority approved licenses without fully resolving ownership verification questions.
  • Curaçao is one of the world's largest online gambling licensing jurisdictions, making regulatory lapses internationally significant.
  • The findings heighten concerns about anti-money laundering compliance and the island's gaming reform efforts under Dutch pressure.
Enjoyed this story? Get the daily digest free.
Digest launches early October — subscribe now to reserve your spot.
Read original articleSummary translated automatically · Source: Curaçao Chronicle

You are leaving IslandsDaily. The article will open on the publisher's site in its original language — your browser may offer to translate it.

More from Business · Curaçao

Major Data Leak Reveals Owners of Curaçao-Licensed Gambling Operations
Business

Major Data Leak Reveals Owners of Curaçao-Licensed Gambling Operations

A massive data leak has exposed the identities of the individuals and entities behind hundreds of online gambling companies operating under Curaçao gaming licenses. The leak reveals ownership structures that had previously been shielded by layers of corporate secrecy, raising serious concerns about transparency and accountability in Curaçao's online gambling sector. Curaçao has long been one of the world's most prominent offshore gambling license jurisdictions, hosting thousands of online gaming platforms. Critics and regulators have repeatedly flagged the island's licensing regime for insufficient oversight and opaque ownership rules. The exposure comes at a particularly sensitive time, as Curaçao has been under international pressure to reform its gambling laws and align with global anti-money laundering standards. The revelations could have significant legal and regulatory consequences for both the license holders and Curaçao's Gaming Control Board. The leak adds momentum to ongoing reform efforts and may draw renewed scrutiny from international watchdogs and foreign governments.

Key Facts
  • A major data leak has revealed the previously hidden owners of hundreds of gambling companies licensed in Curaçao.
  • Curaçao is one of the world's largest offshore online gambling license jurisdictions, making the leak internationally significant.
  • The exposure increases pressure on Curaçao to reform its gaming regulatory framework amid ongoing international scrutiny.
Read story Read original article Summary translated automatically · Source: Curaçao Chronicle
Leaked Documents Expose Curaçao's Secretive Online Gambling Industry
Business

Leaked Documents Expose Curaçao's Secretive Online Gambling Industry

A major leak of internal documents has exposed the inner workings of Curaçao's largely opaque online gambling industry, according to a report by Follow the Money, a Dutch investigative journalism platform. Curaçao has long been one of the world's largest and most permissive online gambling licensing hubs, issuing licenses to hundreds of operators worldwide with minimal regulatory oversight. The leaked documents reportedly reveal how the industry operates behind closed doors, raising serious questions about transparency, enforcement, and potential misuse of the licensing system. Curaçao's gambling sector generates significant revenue for the island but has faced repeated international criticism for enabling operators linked to fraud, money laundering, and consumer harm. The Dutch government has been pressing Curaçao to reform its gambling regulations as part of broader concerns over the island's financial governance under the Kingdom of the Netherlands. This leak adds further pressure on Curaçao's government to overhaul its licensing framework, which critics say has gone largely unchecked for decades. The findings are expected to intensify scrutiny from Dutch and international regulators.

Key Facts
  • Follow the Money, a Dutch investigative journalism platform, published leaked documents exposing Curaçao's secretive online gambling industry.
  • Curaçao is one of the world's largest online gambling licensing hubs, known for its permissive regulatory environment.
  • The leak raises concerns about transparency, money laundering risks, and the lack of oversight within Curaçao's gambling licensing system.
Read story Read original article Summary translated automatically · Source: Platform for investigative journalism
CBCS Raises Official Interest Rate to 4.50%
Business

CBCS Raises Official Interest Rate to 4.50%

The Central Bank of Curaçao and Sint Maarten (CBCS) announced on September 17, 2026, that it is raising its official lending rate ('beleningsrente') to 4.50%. The decision was made in response to an anticipated decline in foreign exchange reserves. The mandatory reserve requirement remains unchanged at 18.50%. The CBCS serves as the joint central bank for both Curaçao and Sint Maarten, and its interest rate decisions directly influence monetary conditions across both islands. Raising the official rate is a standard monetary policy tool used to support the stability of the Antillean guilder and manage capital outflows. The move signals concern about external financial pressures and aims to make holding local currency more attractive.

Key Facts
  • The CBCS raised its official lending rate to 4.50% on September 17, 2026.
  • The decision was driven by an expected decline in foreign exchange reserves.
  • The mandatory reserve requirement was held steady at 18.50%.
Read story Read original article Summary translated automatically · Source: Extra Curaçao