Central Bank Supervisory Board issues a warning to the Executive Board member

WILLEMSTAD, PHILIPSBURG - On 19 April 2019, the Supervisory Board ("SB") of the Central Bank of Curaçao and Sint Maarten ("CBCS") commissioned an independent investigation into the actual state of affairs regarding the provision of information to March 2019 to the Minister of Finance by the CBCS.

In the fact-finding investigation, the methodology was used whereby, in addition to studying underlying documentation, interviews were held with the members of the Executive Board and various employees of the CBCS.

The Internal Audit Department of the CBCS (“IAD”) has conducted the fact-finding investigation and has recorded its preliminary findings. The findings were subjected to a provisional analysis by an external legal adviser by the Supervisory Board. The reports were sent to the Executive Board by the Supervisory Board on 20 May 2019. The Supervisory Board has given the relevant members of the Executive Board the opportunity to provide their input and / or comments on it, before the Supervisory Board would determine its position in this regard. Both members of the Executive Board responded to the request of the Supervisory Board.

The Supervisory Board subsequently closely examined the preliminary final report of IAD, the preliminary legal analysis of the external legal adviser and the comments of the Executive Board members. On the basis of this analysis, the Supervisory Board issued a warning to Mrs L. Matroos-Lasten on 13 July 2019.

The Supervisory Board reserves the right to revise its decision if there is reason to do so.

The Supervisory Board refrains from taking more far-reaching decisions and publicly giving a more extensive account of facts in connection with the fact that the Public Prosecution Service (“OM”) has meanwhile announced a fact-finding investigation.

In the opinion of the Supervisory Board, confidentiality, integrity and reliability are core values ​​of the CBCS that should not be called into question under any circumstances. All CBCS employees and bodies must act in accordance with the core values.

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