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Our Services

What services do we offer you?

We analyse your business model and advise you on how it may fit into the existing regulatory framework. We explain and clarify questions on specific laws, regulations and policies you may have. We accompany you in connecting with the appropriate regulatory department to obtain your license, if required. In short we offer:

  • Information and answers on your questions
  • Individual meetings
  • Guidance
  • Assistance in the process to obtain a license, registry, or exemption
  • Assist you online and interactively in exploring the type of license you may need
  • To request our services, please complete and submit the form on this page 
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Things we don´t do

The Innovation Office services have limitations and there are services we do not offer. Things we don´t do are juridical advice, testing of products (we are no sandbox), licensing (the Innovation Office does not emit licenses, but we accompany you to the right department within the CBCS).

 

Who can access?

The Innovation Office is accessible to everybody who is interested in the topic of FinTech, especially entrepreneurs in the corresponding sector. It doesn´t matter if you are already regulated by the CBCS or not. It doesn´t matter if your innovation is still in the design phase or already adopted by the market.

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

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  • Disclaimers

    The staff of the Innovation Office of the CBCS does give information and guidance on laws, regulations and supervision. This information, shared in written or oral form, is the personal opinion of the staff and cannot be seen as juridical advice.
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Last updated: 02.10.2024 17:10