The Curaçao Gaming Control Board has appointed Cedric Pietersz as its new managing director, a move that will take effect on February 1, 2024. Pietersz, who lacks prior experience in the gambling industry, brings over 20 years of experience in management and supervision to the role. His most recent position was at the Centrale Bank van Curaçao en Sint Maarten, where he gained significant regulatory experience.
As the new managing director, Pietersz will be responsible for overseeing all licensing activity under the National Ordinance on Offshore Games of Hazard. His expertise in regulatory and anti-money laundering matters will be crucial in ensuring that all activities align with the law. Additionally, he will oversee the territory’s transition to the National Ordinance for Games of Chance (LOK).
Pietersz expressed his excitement about joining the regulatory authority at a “dynamic time,” emphasizing his commitment to steering the Gaming Control Board into a new era. Fons Simon, the supervisory board chairman, welcomed Pietersz and highlighted the transformative impact his appointment will have on the regulator.
Simon praised Pietersz’s proven track record in the financial sector and his familiarity with regulatory and anti-money laundering matters. He emphasized that Pietersz’s strategic foresight and operational experience will be invaluable as the board enters this new chapter.
In the midst of these changes, the Independent Advisory Body in Curaçao has raised concerns about the text of the LOK and its compliance with the Financial Action Task Force’s (FATF) anti-money laundering requirements. This highlights the importance of Pietersz’s role in ensuring that the board operates within the bounds of the law and international regulatory standards.
Overall, the appointment of Cedric Pietersz as the new managing director of the Curaçao Gaming Control Board reflects the board’s commitment to navigating a complex regulatory landscape and adapting to evolving industry standards.