WILLEMSTAD – Four supermarkets on Curaçao have seen their fines significantly reduced after they submitted their sales data to the Fair Trade Authority Curaçao (FTAC), the island’s competition watchdog. The original penalties, which were issued at the end of 2024, had reached up to 450,000 guilders. 

Following appeals and a reassessment by the FTAC, the fines have now been lowered to between 13,000 and 36,000 guilders, depending on each supermarket’s financial circumstances. 

However, one supermarket failed to submit a valid objection and will therefore still be required to pay the full 450,000-guilder fine. In addition, two other supermarkets continue to refuse cooperation, and remain under enforcement scrutiny. 

The FTAC is responsible for ensuring compliance with Curaçao’s competition laws, aiming to maintain a fair and transparent market environment. The authority stressed that businesses are expected to submit relevant financial data when requested, and that penalties for non-compliance will be enforced to protect market integrity.