Table of Content

Key Takeaways:
- Curaçao has introduced the new LOK gaming framework, replacing the old sub-license system
- Operators now require a direct license from the Curaçao Gaming Authority (CGA)
- The reform brings stricter AML, KYC, and responsible gambling compliance rules
- Companies must maintain a local presence and meet operational substance requirements
- Regulators now have strong enforcement powers including fines and license revocation
- The new system aims to create a more transparent and globally trusted iGaming jurisdiction
Introduction
Transition to Direct Licensing
Physical Presence Requirements
Licensing Fees and Structure
- B2C (Business-to-Consumer) License: For operators offering gambling services directly to consumers.
- B2B (Business-to-Business) License: For service providers supporting gambling operators.
Enhanced Compliance and Oversight
- Anti-Money Laundering (AML) Measures: Operators must implement robust Know Your Customer (KYC) and Customer Due Diligence (CDD) processes.
- Financial Transparency: Applicants are required to demonstrate sufficient liquidity assets to cover potential future claims from players.
- Responsible Gambling Policies: Operators must establish systems to identify and support at-risk players, as well as provide transparent self-exclusion options.
Implications for Operators
Conclusion
Disclaimer
FAQs
Mary Smith excels in crafting technical and non-technical content, demonstrating precision and clarity. With careful attention to detail and a love for clear communication, she skillfully handles difficult topics, making them into interesting stories. Mary's versatility and expertise shine through her ability to produce compelling content across various domains, ensuring impactful storytelling that resonates with diverse audiences.
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