WILLEMSTAD - The Board of Financial Supervision (Cft) has expressed serious concerns about possible integrity issues within two key government institutions: the Curaçao Gaming Authority (CGA) and the Receiver’s Office, responsible for tax collection. The warning is included in the Cft’s response to Curaçao’s third execution report of 2025.
According to the Cft, recent media reports and internal signals point to growing doubts about governance and integrity at both institutions. The board stresses that the government must provide clarity without delay.
Cft: “Integrity is crucial for sound financial management”
Because both the CGA and the Receiver handle activities involving significant financial flows — such as licensing fees and tax revenues — the Cft argues that transparency and reliability are essential.
In a letter to Minister Charles Cooper, the board notes it has “received signals” suggesting integrity concerns within both entities. Although these signals are not specified, the Cft makes clear that the situation requires attention and that it will continue to monitor developments closely.
The warning comes at a time when gaming-license fee revenues exceed expectations, yet the government has not adequately explained the increase. Meanwhile, the CGA remains under investigation by the Public Prosecutor’s Office, intensifying ongoing concerns.
The Cft urges the government to fully disclose the situation and take the steps necessary to safeguard the integrity of both institutions.
Cft Repeats Urgent Warning About Curaçao’s Troubled Tax Office
In the same report, the Cft reiterates longstanding concerns about the state of the Belastingdienst. The supervisory board warns again that the Tax Office is struggling with deep-rooted organizational and operational shortcomings, and stresses that implementing the previously announced improvement plan is “urgently necessary.”
A well-functioning and integrity-driven Tax Office is a cornerstone of responsible public finance, the Cft emphasizes. Yet the service continues to face structural issues that undermine effective tax collection and enforcement.
The Cft recalls that it discussed these problems with the Council of Ministers back in February 2025, but notes that visible progress is still lacking.
The board states it will closely monitor the execution of the improvement plans. According to the Cft, persistent weaknesses in the Tax Office threaten not only the reliability of tax revenues but also the overall financial stability of the country.
The Cft once again calls for rapid progress, concrete actions, and full transparency from the government.