The Kingdom of the Netherlands is one of the 36 members of the Financial Action Task Force (FATF), whereas Curacao is a member of the Caribbean Financial Action Task Force (CFATF), which is an associate member of the FATF. The 25 member states of the CFATF agreed to implement common countermeasures to address the problem of criminal money laundering. As such, Curacao agreed to implement all FATF recommendations and CFATF recommendations complimentary to the FATF recommendations and to undergo evaluations for the purpose of assessing compliance with FATF membership criteria. This section of the website contains CFATF notifications that the CFATF deems relevant for Curacao casinos. Casinos are required to take notice of these notifications and, if applicable, include them in their Customer Due Diligence policies and procedures in order to remain compliant with current anti-money laundering and terrorist financing legislation, provisions and guidelines. Casinos are required to check for updates of the FATF- and CFATF notifications on a regular basis and update their Customer Due Diligence policies and –procedures accordingly to reflect these notifications.
The notifications consist of::
- the FATF Public Statement.
- the FATF Statement “Improving Global AML/CFT Compliance: On-going process”
- the CFATF Public Statement.
- the FATF-notifications are usually issued in February, June and October..
- the CFATF-notifications are usually issued in May/June and November/December