Curaçao and Their Four Master License Holders
Plus there are Grey countries which are not recommended to target, but allowed to do so. Opening a bank account is the final stage and is only possible after obtaining a license. Banks will not accept the documents beforehand, as the license is a mandatory requirement. The process takes from 3 to 8 weeks, and sometimes even longer, particularly because an operator is classified as high-risk. The GCB will grant licenses to those operators that comply with AML (Anti-Money Laundering) and KYC (Know Your Customer) laws. A qualified Compliance Officer plays a central role in this process, overseeing the implementation of CDD (Customer Due Diligence), AML and KYC procedures.