Curacao gambling laws
It’s essential when you are setting up your own online casino in the popular jurisdiction of Curacao, to be starting with the most suitable corporate and finance infrastructure so that you get running as soon as you get the license.
Through GBO’s wide network of gaming-friendly banks and payment processors, and our great expertise, we will help you through all the hurdles. We have over twelve years of experience in Curacao and other countries, and have hundreds of satisfied customers.
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The Curacao Gaming laws and regulations
In this article, we will explain in detail what current Curaçao gaming license regulations stipulate. You can also benefit from GBO’s great experience and expertise, to get you through the hurdles of acquiring the license and setting up your corporation and banking structure
We have over twelve years experience in Curacao, and have hundreds of satisfied customers. The GBO team will be happy to assist you to form the most suitable gaming corporate structure and finance infrastructure, including Curacao company formation, Curacao gaming license, bank accounts for gaming business and more
Why should you get the license from GBO?
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GBO is a market-leading Curacao Gaming license services provider
What are Curacao gambling laws?
The online gaming industry of Curacao has been legalized since 1993 when the National Ordinance on Offshore Games of Hazard entered into force. Online gaming licenses are issued by the Minister of Justice by national decrees. The Minister of Finance has recently been tasked with the licensing for and the supervision of the online gaming sector.
On December 18, 2018, the Minister of Finance publicly announced the government’s intent to task the Curacao Gaming Control Board (GCB) with the regulation of the online gaming sector. On February 15, 2019, the GCB was appointed the AML/CFT supervisor for all gaming sectors operating in and from Curacao, which includes the online gaming sector.
Curacao gaming license regulations
The gaming regulations of the Curacao online gaming industry is licensed and regulated under the National Ordinance on Offshore Games of Hazard (Landsverordening buitengaatse hazardspelen, PB 1993, no. 63).
How to do Curacao gaming legislation
Providing access to gaming without a valid license in or from Curaçao is a felony. Prevention of infiltration by criminal elements, including money launderers and financiers of terrorism, is the primary goal.
The areas controlled by the gambling legislation fall under the following main titles:
|Licensing||This includes assessment that the ultimate beneficial owners (UBOs) are fit and proper to hold a Curacao casino or lottery license.|
|Enforcement||This requires compliance with casino legislation and regulation. Non-compliance can lead to fines, as well as to temporary or permanent revocation of the casino license|
|Collection of License Fees||GBO has 12 years experience in negotiating the bureaucracy involved in licensing in Curacao|
|AML/CFT Supervision||GCB issues AML/CFT regulation and guidelines, periodically performs AML/CFT compliance audits, enforces compliance, and provides AML/CFT training opportunities for the gaming sector.|
|Promotion of Responsible Gaming||“Responsible gaming” means minimizing the risks of gambling addiction in the Curaçao casino industry.
GCB works together with Fundashon pa Maneho di Adikshon (FMA), the organization that is focused on combating all forms of addiction on Curaçao.