The Central Bank of Curaçao and Sint Maarten announced it is “taking the necessary measures” against the Carmanco NV trust office which has been identified as a director of a company that offers illegal online gambling.
Carmanco is a subsidiary of Curaçao Trust Management NV that has a license from the bank to offer trust services.
According to local reports, Curaçao-based Cyberrock NV, a customer of Carmanco, recently received a fine of 350,000 euros from the Dutch Gaming Authority. Carmanco was also convicted in another case earlier this year for “improper management” and “seriously blameworthy and therefore unlawful action.”
The bank indicted that Carmanco has not properly reported those incidents.
“Under the CBCS Policy Rule on Integral Operations in Incidents and Integrity-Sensitive Functions, a supervised institution must inform the Bank of its own accord and without delay about the incidents that have occurred. The Bank has taken note of the information regarding Carmanco N.V., an entity that provides management services under the responsibility of a license holder and will take the necessary measures,” a bank spokesman said in a press release.
