10th CRCA Conference Brings Compliance Officers Together at a Vital Moment in the Industry
A NEW Normal: Curaçao is Ruled ‘Fully Compliant’ Curaçao could not have hoped for a better start at the 10th annual Caribbean Regional Compliance Association, (CRCA), Conference, entitled ‘Chaos - the New Normal’. Minister of Economic Development, Mr. Eugene Rhuggenaath shared the breaking news that Curaçao is now fully compliant with international fiduciary standards. The CRCA conference covered topics related to financial crime and money laundering, and was a huge success, not only in terms of the large attendance and value for its participants, but also because of the momentous strides that Curaçao has made towards full compliance. TEXT FARAH DIBAH AYOUBI
Curaçao Stamped with Seal of Compliance Minister of Economic Development, Mr. Eugene Rhuggenaath, announced the news on behalf of the Minister of Finance, Dr. Jose Jardim, who was unable to make it in time for the conference as he was still in Turks and Caicos, attending the CFATF (Caribbean Financial Action Task Force) plenary at which this Curaçao
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CURAÇAO BUSINESS
Compliance ruling was passed. Rhuggenaath graciously announced, “I am honored to share the good news, that it was decided in this year’s plenary that Curaçao is no longer subject to periodic reviews by the CFATF, as all shortcomings in our Anti Money Laundering and Counter Terrorist Financing legislation and policy framework have been successfully addressed and as of
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now Curaçao is fully compliant with international standards. Congratulations Minister Jardim and Congratulations Curaçao!” Much like obtaining a seal of approval, Curaçao had to undergo a series of four evaluations after having taken measures to: strengthen its legal and regulatory anti-money laundering and
