The money laundering threat on Curaçao is of an average high level

WILLEMSTAD - The level of money laundering risks in Curaçao is assessed to be of an average high level, according to the recently published National Risk Assessment by the Ministry of Finance. The report highlights the (online) gambling sector as one of the high-risk sectors on the island. 

 

The assessment categorizes the risks into five levels, and the overall money laundering threat on the island is considered medium high. This is further compounded by the vulnerability to money laundering, which is partly attributed to financial and personnel shortages within the enforcement chain, as well as delays in the legislative process. 

 

The sectors identified as being most at risk for money laundering include banking, money transfer agencies, E-zone, and gambling, as indicated by the NRA study. 

 

Of particular concern is the potential increase in money laundering within the online gambling sector in the near future. Illegal gambling is highlighted as one of the major money laundering threats in Curaçao, alongside illicit drugs and tax evasion. 

 

The report also examines countries that pose a "high and direct potential money laundering risk" for Curaçao. According to the research team, these countries include Venezuela, the Netherlands, and the United States. Conversely, Curaçao itself is identified as a money laundering threat for the Netherlands, Colombia, Aruba, Sint Maarten, and the United States. 




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