Cura?ao sets AML/CFT compliance deadline for gambling operators
Cura?ao has taken a big step in modernising its regulatory?framework through the introduction of the new AML/CFT rules. As of 10 April 2025, all licensed entities operating?under the jurisdiction must now place their AML policy in the CGA portal no later than 30 May 2025. Experts in the field have expressed concerns over the tight timeframe and how it may affect licensees.
A tight timeline fuels debate
Arran McCarthy Commercial Director at EM Group, and a compliance expert in the industry, has expressed reservations regarding the timeline afforded for compliance. In an interview with SiGMA News, McCarthy expressed that such haste in the process could lead to uncertainty among current licensees. “it would be suggested to implement supervision of the policies in tiered phases, allowing operators to adapt to the changes. Hastiness could potentially drive licensees away to looser regulations, McCarthy stated.
He added that Cura?ao’s transition?towards a government licensing model, with the government directly supervising all license holders, constitutes a big step forward in its regulatory development. “This?new framework establishes accountability and brings Cura?ao in line with international standards.”
Modernised framework
The new law comes after more than four years of careful planning and consultation?with advisors. McCarthy stressed that the framework will strengthen Cura?ao’s standing as a reputable jurisdiction and will comply with international AML/CFT standards. “From an international perspective, this legislation?is modernising and current. It situates Cura?ao as a credible regulator who is able to supervise and control its licensees?effectively”.
To meet the 30 May deadline, license holders must submit detailed anti-money laundering (AML) policies based on the CGA’s structured template. These policies should include:
- An explicit statement affirming your commitment to compliance with AML and countering the financing of terrorism (CFT) regulations.
- Risk assessment focused on business operations and customer profiles. For example, a gambling operator could assess the risk of money laundering in high-value transactions.
- Customer Due Diligence (CDD) procedures include the screening of Politically Exposed Persons (PEPs) or sanctioned individuals. For example, a 바카라 that checks its VIP customers against international sanctions lists.
- Measures to monitor transactions and report unusual activity, such as flagging large deposits from an unknown source.
- A customised AML compliance program designed to address specific risks, such as preventing money laundering through online gaming platforms.
Failure to comply with the requirements set forth in the could result in penalties, including fines or even the loss of the operating license.
Regulatory compliance
Cura?ao is updating its gaming regulations to align with international standards and, primarily, reduce risks related to money laundering and terrorist financing.
With the implementation of these measures, Cura?ao seeks to consolidate its position as a global gaming operators’ hub, expecting that stricter compliance will attract trustworthy companies seeking a jurisdiction with strict supervision.
The CGA’s efforts are expected to strengthen stakeholder confidence and encourage high-quality operators to enter the market. However, some industry players worry about the challenges of adapting to these new rules. McCarthy suggested ??introducing phased oversight to ease the transition for operators.
As the deadline approaches, all stakeholders are expected to monitor license holders’ responses to the new requirements closely. The outcome will determine Cura?ao’s reputation in the international gaming industry for years to come.
