Understanding the New Curaçao Gaming License Regulations

Understanding the New Curaçao Gaming License Regulations

The Curaçao Gaming Control Board (GCB) is pivotal in ensuring that the gaming industry in Curaçao adheres to high standards of integrity and transparency. With the recent introduction of a new licensing portal and an increased licensing fee, the GCB underscores its commitment to aligning the local gaming sector with global compliance standards. These changes are designed to foster a safer and more reliable gaming environment, crucial for both operators and players.


Enhanced Regulatory Measures

The latest overhaul in Curaçao's gaming license regulations marks a significant shift towards strengthening anti-money laundering (AML) and counter-terrorism financing (CFT) measures. A notable requirement is the mandatory appointment of a Compliance Officer dedicated to AML purposes. This role mirrors the responsibilities of the Money Laundering Reporting Officer (MLRO) seen within European Union standards. However, there are key differences in Curaçao's approach—most notably, the Compliance Officer can be outsourced and is not required to reside in Curaçao, offering flexibility to gaming companies.


The Role of a Compliance Officer

The Compliance Officer is tasked with several critical responsibilities to ensure compliance with the updated regulations:

- Designing and Implementing the AML Program: Establishing procedures to prevent, detect, and report suspicious activities.

- Verifying Adherence to Local Laws and Regulations: Ensuring all gaming activities meet the required legal standards for AML and CFT.

- Reviewing Company Policies and Procedures: Regular audits to confirm compliance with internal controls and regulatory requirements.

- Organising Compliance Training: Educating staff on AML and CFT protocols to enhance their understanding and implementation.

- Analysing Transactions: Monitoring gaming transactions to identify any that may require reporting under the specified indicators of unusual activities.

- Maintaining Records: Keeping detailed accounts of all unusual transactions, both internally and externally reported.

- Investigating and Reporting Unusual Transactions: Conducting thorough investigations into suspicious transactions and reporting findings as necessary.

- Continuous Improvement of the AML Program: Regular updates to the AML strategies based on new local and international developments.


At Radix, we specialise in offering outsourced Compliance Officer services for Curaçao gaming licenses. Our team of AML experts is equipped to handle all aspects of compliance, ensuring that your gaming operations meet all regulatory requirements efficiently and effectively.


For operators in the gaming industry looking to secure a Curaçao gaming license, understanding and complying with these new regulations is essential. By leveraging professional services like those offered by Radix, gaming companies can navigate these complex requirements with ease, ensuring ongoing compliance and operational excellence.


Contact Us

For more details on how Radix can assist you in obtaining a Curaçao gaming license and ensuring compliance with the new regulatory standards, please reach out to us at info@radixmalta.com.