{"id":454,"date":"2023-09-29T23:10:45","date_gmt":"2023-09-29T23:10:45","guid":{"rendered":"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/"},"modified":"2023-09-29T23:10:45","modified_gmt":"2023-09-29T23:10:45","slug":"lok-is-committed-to-preventing-greylisting-on-curacao","status":"publish","type":"post","link":"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/","title":{"rendered":"LOK is committed to preventing greylisting on Cura\u00e7ao"},"content":{"rendered":"

<\/p>\n

\n

The new gambling legislation in Cura\u00e7ao will bring several benefits to players, and one of the most important, as Finance Minister Javier Silvania explained, is the creation of a \u201csafety net\u201d that prevents inclusion in the country’s gray lists.<\/p>\n

Open applications<\/strong><\/h2>\n

plank will accept<\/strong> Requests <\/strong>from November 17th and those who receive the provisional license of Cura\u00e7ao<\/a>They then have six months to submit all required documents. According to Silvania, the risk of being included in the gray list <\/strong>It is huge when anti-money laundering systems are weak.<\/p>\n

According to what Gibraltar <\/strong>became part of the Financial Law Task Force Gray List<\/strong>Silvania was worried. Said: \u201cIn particular, the FATF criticized the government\u2019s failure to impose sufficient fines for anti-money laundering lapses. AML is a key criterion of financial assessments, one of which Cura\u00e7ao will be subject to next year. And let me be clear: the likelihood of us being graylisted due to a lack of anti-money laundering legislation in the gambling sector is real and worrying.\u201d<\/em><\/p>\n

Yes Cura\u00e7ao<\/a> Follow in the footsteps of Gibraltar, many problems await you. Among the most worrying are The limitations<\/strong>or even that Ban <\/strong>Restricting trade by some companies and governments would have a big impact in the country’s economy<\/strong>.<\/p>\n

However, Gambling and betting industry<\/a> will continue in the same form after approval the legislation<\/a>.<\/p>\n

Silvania addressed this: \u201cTo those who have concerns about this legislation \u2013 I hear you. Change is always met with skepticism, especially when it impacts long-standing practices. However, for all operators, our intention is not to disrupt but to improve.\u201d<\/em><\/p>\n

Priorities and benefits<\/strong><\/h2>\n

The new system will definitely change the country’s economy, but not only in terms of income. In 2022, Curacao won \u20ac250,000<\/strong>. In comparison with malt<\/strong>that won 82 million euros<\/strong>Revenue could rise, but it’s not just the numbers that speak – Silvania believes the two countries have different approaches and priorities when it comes to the gaming industry.<\/p>\n

However, workers currently employed in the hospitality sector will benefit from the new legislation when it is created More jobs<\/strong>.<\/p>\n

Silvania finished: \u201cThe goal of our efforts to revitalize the legislative landscape is to develop Cura\u00e7ao into a center of excellence in the gaming industry. This is pushing the boundaries of employment opportunities and in fact there are many people and companies who have no idea of \u200b\u200bthe opportunities available to them.\u201d<\/em><\/p>\n

Source: O’Hagan Marese, \u201cLOK offers a ‘safety net’ from the gray list, says Cura\u00e7ao minister\u201d<\/a>, iGB<\/em>September 27, 2023<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The new gambling legislation in Cura\u00e7ao will bring several benefits to players, and one of the most important, as Finance Minister Javier Silvania explained, is the creation of a \u201csafety net\u201d that prevents inclusion in the country’s gray lists. Open applications The National Gambling Regulation (LOK) will be responsible for this and will completely change […]<\/p>\n","protected":false},"author":1,"featured_media":455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-magazine","eq-blocks"],"yoast_head":"\nLOK is committed to preventing greylisting on Cura\u00e7ao - Hunzav Alley<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LOK is committed to preventing greylisting on Cura\u00e7ao - Hunzav Alley\" \/>\n<meta property=\"og:description\" content=\"The new gambling legislation in Cura\u00e7ao will bring several benefits to players, and one of the most important, as Finance Minister Javier Silvania explained, is the creation of a \u201csafety net\u201d that prevents inclusion in the country’s gray lists. Open applications The National Gambling Regulation (LOK) will be responsible for this and will completely change […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/\" \/>\n<meta property=\"og:site_name\" content=\"Hunzav Alley\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-29T23:10:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hunzavalley.org\/wp-content\/uploads\/2023\/09\/lok-provides-safety-net-from-grey-listing-says-curacao-minister-300x200.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/hunzavalley.org\/#\/schema\/person\/a2e507bc33bd2e3a385655eb1b5e0034\"},\"headline\":\"LOK is committed to preventing greylisting on Cura\u00e7ao\",\"datePublished\":\"2023-09-29T23:10:45+00:00\",\"dateModified\":\"2023-09-29T23:10:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/\"},\"wordCount\":472,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/hunzavalley.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/hunzavalley.org\/wp-content\/uploads\/2023\/09\/lok-provides-safety-net-from-grey-listing-says-curacao-minister-300x200.jpg\",\"articleSection\":[\"Casino Magazine\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/\",\"url\":\"https:\/\/hunzavalley.org\/lok-is-committed-to-preventing-greylisting-on-curacao\/\",\"name\":\"LOK is committed to preventing greylisting on Cura\u00e7ao - 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