{"id":5021,"date":"2023-06-28T07:10:09","date_gmt":"2023-06-28T07:10:09","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/06\/28\/curacao-implements-stricter-standards-for-online-gambling-operators\/"},"modified":"2023-06-28T07:10:09","modified_gmt":"2023-06-28T07:10:09","slug":"curacao-implements-stricter-standards-for-online-gambling-operators","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/06\/28\/curacao-implements-stricter-standards-for-online-gambling-operators\/","title":{"rendered":"Cura\u00e7ao Implements Stricter Standards for Online Gambling Operators"},"content":{"rendered":"<div>\n<p>The Minister of Finance, Javier Silvania, made a big revelation about the regulation of online gambling firms in Cura\u00e7ao during the iGaming NEXT Valleta 23 conference. Beginning September 1st, the country will implement stricter, internationally recognized rules to improve anti-money laundering, fraud prevention, and player safety. The National Gambling Ordinance (LOK) strives to improve Cura\u00e7ao\u2019s reputation in the sector and assure compliance with worldwide rules.<\/p>\n<p>Cura\u00e7ao\u2019s upcoming National Gambling Ordinance (LOK) is now being reviewed by the Advisory Council before being submitted to parliament for approval. Once passed, this legislation will impose stricter regulations on the online gaming industry. Anti-money laundering procedures, fraud prevention, and player safety are among the areas of concentration, with the goal of aligning with reputable jurisdictions and international legislation.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow noopener\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 177% Welcome Bonus  + 77 Free Spins in Aztec Magic Deluxe\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Minister Silvania has directed the existing regulator, the Gaming Control Board (GCB), to begin enforcing the regulations in order to adopt and uphold the new standards. During the transition period, the GCB will issue new licences to operators under current legislation, with the goal of seamlessly moving them into the new regulatory framework once it is enacted. This method ensures that the operators\u2019 businesses run smoothly.<\/p>\n<p>To ensure a seamless licensing procedure, the GCB will launch a dedicated platform for operators to register their direct license applications. Minister Silvania voiced dissatisfaction with the idea that Cura\u00e7ao licenses were \u201cquick and easy to obtain,\u201d with fewer requirements and inadequate monitoring. The new legislation aims to change this perception by establishing a more comprehensive licensing regime.<\/p>\n<p>Minister Silvania emphasized the significance of transparency in terms of the origins of funds entering the country. The new regulation intends to comply with respectable jurisdictions and meet the minimal standards of international money laundering rules and recommendations. The establishment of the Cura\u00e7ao Gaming Authority, a new regulatory organization, will be critical in avoiding and moderating unwanted and illegal actions in the gambling business.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus &#8211; 350% bonus on your first deposit up to 5BTC\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Minister Silvania emphasized the importance of thorough regulatory reforms in order to shed Cura\u00e7ao\u2019s reputation as the \u201cred-headed step-child\u201d of the gambling industry. Cura\u00e7ao, in collaboration with other countries, seeks to level the playing field for operators and suppliers. The ultimate goal is to protect the interests of players while also preserving the integrity of the entire gaming business.<\/p>\n<p>While noting that the majority of operators with a Cura\u00e7ao license retain integrity and adhere to best practices, Minister Silvania emphasized the need of resolving cases where the country\u2019s reputation has been harmed. The new restrictions are intended to weed out any undesirable activity and to ensure that Cura\u00e7ao functions as a responsible and trustworthy jurisdiction in the online gambling environment.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/curacao-implements-stricter-standards-for-online-gambling-operators\/\">Cura\u00e7ao Implements Stricter Standards for Online Gambling Operators<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Finance, Javier Silvania, made a big revelation about the regulation of online gambling firms in Cura\u00e7ao during the iGaming NEXT Valleta 23 conference. Beginning September 1st, the country will implement stricter, internationally recognized rules to improve anti-money laundering, fraud prevention, and player safety. The National Gambling Ordinance (LOK) strives to improve Cura\u00e7ao\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-5021","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=5021"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5021\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=5021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=5021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=5021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}