Legal Issues Curaçao Finance Minister appears to admit new legislation is self-serving

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According to a

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(iGB) Javier Silvania, Curaçao's Minister of Finance, says a key purpose of the new Curaçao licensing regulations is to protect Curaçao's financial interests:

[T]he likelihood of us being placed on the grey list because our lack of AML legislation within the gambling sphere is real, and it is worrying.

The "grey list" he's referring to is a list maintained by the Financial Action Task Force (FATF), a global anti-money laundering body that puts jurisdictions under increased monitoring if it believes they have “strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing”.

Silvania goes on to say:

We absolutely and categorically need to take the steps necessary to prevent grey-listing and the LOK provides the safety net that we desperately need.

The LOK is the new Curaçao i-gaming legislation, The National Ordinance for Games of Chance.

Gibraltar was recently added to the "grey list" while Malta was recently removed. Other grey-listed countries include the Philippines, Haiti and South Sudan.

It's hard not to see this and wonder if we aren't finally getting a glimpse at some of the real reasons behind the new Curaçao licensing legislation.