Cedric Pietersz appointed as Supervisory Board MD by Curaçao Gaming Control Board

The Curaçao Gaming Control Board has announced the appointment of Cedric Pietersz as its new managing director. Pietersz, who will assume the role on February 1, 2024, brings with him over 20 years of experience in management and supervision, although he is new to the gambling industry. Prior to his appointment, Pietersz worked at the Centrale Bank van Curaçao en Sint Maarten, where he gained significant regulatory experience.

In his new position, Pietersz will be responsible for overseeing all licensing activity under the National Ordinance on Offshore Games of Hazard. He will utilize his regulatory and anti-money laundering expertise to ensure compliance with the law and will oversee the territory’s transition to the National Ordinance for Games of Chance (LOK).

Pietersz expressed his enthusiasm for joining the regulatory authority at a “dynamic time,” stating that he is honored to be a part of the Gaming Control Board and is confident that, together with the team and supervisory board, they will strategically lead the GCB into a new era while delivering value to all stakeholders, including the minister of finance.

Fons Simon, the chairman of the supervisory board, welcomed Pietersz’s appointment, emphasizing that it marks the start of a transformative era for the regulator. Simon highlighted Pietersz’s proven track record in the financial sector and his expertise in regulatory and anti-money laundering matters, which will bring a mix of strategic foresight, regulatory understanding, and operational experience to the organization.

Meanwhile, the Independent Advisory Body of Curaçao raised concerns about the text of the LOK and its compliance with the Financial Action Task Force’s (FATF) anti-money laundering requirements. This development underscores the importance of expertise like Pietersz’s as the Curaçao Gaming Control Board prepares for its new chapter under his leadership.