Welcome to the Innovation Office of the Centrale Bank van Curaçao en Sint Maarten. Our team comprises specialists with knowledge of financial technology, innovation and regulation. By combining industry knowledge with insights into cutting-edge technology, we will assist entrepreneurs and businesses in navigating the regulatory framework.

Objectives and Key Focus Areas

The Innovation Office serves as a central contact point for financial innovators, fostering dialogue, consultation, and collaboration between CBCS and those leading technological initiatives in financial products or services in Curaçao and Sint Maarten. Our goal is to ensure these innovations enter the financial markets smoothly and align with regulatory objectives, enhance financial inclusion, promote efficient, transparent, and competitive financial markets, protect consumers, and contribute to overall financial stability.

Commitment to Innovation

Our mission is to facilitate entrepreneurs and businesses to introduce their innovative products and services that address the evolving needs of the financial consumers and firms. Central to our approach is a relentless commitment to exploring new technologies and ideas of the entrepreneurs and businesses, ensuring that we achieve more efficient, transparent, and competitive financial markets, better financial experiences for consumers and greater financial resilience.

Privacy, terms & conditions

In the performance of its tasks, the Centrale Bank van Curacao en Sint Maarten (CBCS) processes personal data. This privacy statement sets out what data we collect and for which purposes we use them.

Applicable laws

The processing of personal data is done in accordance with the Landsverordening bescherming persoonsgegevens (LBP). This law defines “personal data” as all data concerning an identified or identifiable natural person. The “processing of personal data” is defined as every action or set of actions concerning personal data, at least including the gathering, recording, organising, saving, updating, altering, retrieving, consulting, use, provision through forward transmission, circulation or any other form of provision, compiling, relating, as well as the protection, deletion or destruction of data.

In some cases, CBCS is a “controller” of personal data as defined in the General Data Protection Regulation (GDPR).

The processing of personal data is required to perform our statutory duties. We handle the personal data we process with due care, in accordance with the principles of the LBP and when applicable, the GDPR. This includes refraining from processing more personal data than necessary and properly securing personal data. To this end, we take physical measures (e.g. storing documents in lockable cupboards), logical measures (e.g. restricting access to personal data), technical measures (e.g. encryption) and procedural measures (e.g. staff awareness programmes on careful handling of information).

Why do we process personal data?

The processing of personal data is required to perform our statutory duties. It helps us, for example, to keep financial accounting records, to issue licenses and to perform our supervisory and enforcement tasks, to settle payments and to promote the stability of the financial system.

Disclosure to third parties

As a rule, we do not disclose your personal data to third parties. The law provides for several exceptions to this rule. For instance, your personal data may be used for intelligence purposes if you use our website to commit a criminal offence or make false statements that are liable to punishment.

For the purpose of supervising and protecting the integrity of the financial sector, we may also collaborate with other supervisory authorities including the Financial Investigation Unit of Curaçao.

CENTRALE BANK VAN CURACAO EN SINT MAARTEN

For the Centrale Bank van Curaçao en Sint Maarten (CBCS) it is very important to ensure the confidentiality and privacy of the data you provide. Any provided information will be treated strictly confidential and will only be available to the CBCS.

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Privacy, terms & conditions

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