WILLEMSTAD - The integrity of the Central Bank of Curaçao and Sint Maarten (CBCS) must be carefully safeguarded, according to a new study conducted by Nyenrode Business University.

The study highlights several key areas in which integrity oversight is crucial. These include combating money laundering and terrorist financing, addressing the rapid digitalization of financial services, and managing developments in the (online) gambling sector—all areas that present growing risks to the financial system.

Major Changes Ahead

During the presentation of the research findings, CBCS President Richard Doornbosch stated that the coming decade will bring major transformations to the financial landscape.

“Digitalization, blockchain, artificial intelligence, new regulations, and shifts in global trade will present both challenges and opportunities,” Doornbosch said. “It is therefore essential that the sector responds with flexibility and vision.”

Balancing Local and International Trust

Doornbosch stressed that financial institutions must not only serve the local community responsibly but also remain attractive to international clients. Maintaining a balance between integrity, innovation, and global competitiveness will be key to ensuring long-term stability and trust in Curaçao and Sint Maarten’s financial system.