Foreign and Somewhere

The speaker mentions the words "foreign" and "somewhere".

• No further information is provided.

Leeway

The speaker mentions "leeway" and "our favorite".

• No further information is provided.

Thank You and See What Was In There

The speaker says "thank you" and asks to see what was in there.

• No further information is provided.

Introduction to Curacao Expert Week

The speaker welcomes the audience to the second part of the first day of the Curacao expert week. He introduces himself as Elton Villarreal, who will be hosting a hybrid session that will be done both physically and online. He also mentions that it will be bilingual, with some parts in English, but questions can be asked in any language.

• The session will include a panel discussion, presentations by Mr. David Levy Maduro and Mr. Benefit, as well as a talk by Mr. Luke Weber from Colectivo.

• Topics covered will include experiences with exports, finances, accreditation from FATF, best practices, needs in Curacao.

• Panelists include members from Softex (Mr. Herbert Luis), Chobo Lobo (Mr. Roy), Bearing Point (Miss Esmeralda), and Peter Van Heineken.

Introduction of Panelists

Miss Esmeralda introduces herself as working at Bearing Point Caribbean for 25 years before changing course completely in 2017 to focus on two domains: text domain and social benefits domain with two products each. They now only focus on small island developing states and have grown every year since then to do business in 17 countries worldwide.

• Peter Van Heineken introduces himself as the general manager of the Main Master Mining Company, which was established in 1912 in Amsterdam and exports high-quality calcium carbonate.

• The other panelists are Mr. Herbert Luis from Softex and Mr. Roy from Chobo Lobo.

Bearing Point Caribbean

Miss Esmeralda talks about Bearing Point Caribbean's focus on two domains: text domain and social benefits domain with two products each. They now only focus on small island developing states and have grown every year since then to do business in 17 countries worldwide.

• Bearing Point Caribbean used to be an IT consultancy firm that did automation implementations, CRM, website creation, etc.

• In 2017, they changed course completely to focus on creating products for the text domain and social benefits domain instead of working with customers separately.

• They got rid of most of their business except for two customers and started focusing only on small island developing states.

Main Master Mining Company

Peter Van Heineken talks about the history of Main Master Mining Company, which was established in 1912 in Amsterdam and exports high-quality calcium carbonate.

• The company used to export phosphate from Curacao before discovering a lot of phosphates in Table Mountain.

• Now they export high-quality calcium carbonate (limestone) with a high purity level.

• Peter Van Heineken started working at the company as an export/import manager in 2001 before becoming the general manager.

Mining Company's Export Business

In this section, the speaker talks about the mining company's export business and how they produce pure aggregates for constructive building.

Mining Company's Export Business

• The mining company exports 275 to 300,000 tons of pure aggregates per year.

• The products are used for constructive building like concrete, asphalt, prefab blocks, and pavers.

• Most of the product is used in careers themselves so when they export it's only 20% of what they locally produce.

Finding Vessels to Export Bulk Products

In this section, the speaker talks about finding vessels to export bulk products and how he found a companion who was into ships.

Finding Vessels to Export Bulk Products

• Concrete requires shipments of two thousand three thousand up to five or six thousand tons to have an effective trade rate.

• The speaker found a companion who was into ships and worked at CPS as a crane driver but knew about ships.

• They slowly went from exporting seventy thousand to a hundred thousand tons per year.

Calcium Carbonate Business

In this section, the speaker talks about discovering that their limestone has calcium carbonate which can be used for other products such as glass industry, agriculture, chicken feed and drinking water.

Calcium Carbonate Business

• Limestone has calcium carbonate which can be used for other products such as glass industry, agriculture, chicken feed and drinking water.

• A collector came to the speaker asking if they could supply calcium carbonate since they were importing it from Europe.

• They started with a collector but then realized that other islands also needed it since there are lots of drinking water plants in the Caribbean with new osmosis systems that need calcium to add to the water.

Importance of Branding

In this section, the speaker talks about the importance of branding and how he emphasized it for his products.

Importance of Branding

• The speaker's point at that time was branding since it is very important for products.

• He wanted to emphasize on branding because if a Dutch word is sent to an English or Spanish-speaking people, it's like Chinese for them.

• He realized that branding is very important for your products.

Softex Products' Expansion in the Caribbean

In this section, the speaker talks about Softex Products' expansion in the Caribbean and how they manufacture paper tissue products.

Softex Products' Expansion in the Caribbean

• Softex Products has expanded into Puerto Rico, Dominican Republic, Florida and South Carolina.

• They manufacture paper tissue products such as kitchen towels, napkins and toilet paper.

• They are market leaders in Curacao and export to Bonaire and Aruba out of Curacao.

• They set up plants locally as soon as they have enough sales.

Exporting to Over 33 Countries

In this section, the speaker talks about their company's export model and challenges they face in perception of their target group.

Distributor Model

• The company exports to over 33 countries, mostly in the Caribbean, Suriname, USA and Europe.

• They work with a distributor model where they search for distributors abroad.

• Distributors can work two ways:

• Pre-mix from glacial is sent to them and they add alcohol and some other ingredients to make a collateral

• Finished products are sent to them.

Challenges Faced

• One of the challenges faced by the company is that oculado is perceived as an old people product.

• The company aims to bring the product more to younger generations like millennials by creating more value around the brand.

• The company selects its distributors based on important measurements such as how inclusive they are towards younger audiences.

Importance of Branding for Export

In this section, the speakers discuss branding and its importance for exporting products.

Importance of Branding

• Branding is important because it has to be something that is recognized in one split second or by clients.

• A good branding name should be short, recognizable and represent your origin.

• Good branding helps you enter markets that are really branding focused oriented.

Examples of Branding

• Curacao Phosphate was famous for its high quality phosphate which was used for agriculture and animal feed. This helped establish Curacao Calcium as a high-quality product.

• Bearing Point Caribbean indicates that they are a small island just like other islands in their market. Their product MTS stands for Multi-Tax Solution which is easy to pronounce in all languages.

Branding Strategies

In this section, the speaker discusses their branding strategies and how they maintain their brand image.

Networking and Persistence

• The company organizes a tech summit to invite clients and prospective clients to Curacao where they can talk about their experiences using the products.

• They have created a network so that clients can visit each other and learn from best practices.

• Persistence is key in maintaining communication with prospective clients even if it takes years to get the contract.

Saying No

• The company dares to say no to requests from countries that are not small island developing states as it is not their market.

• By doing so, they have added value to their brand as a multi-tax solution bearing Point Caribbean small island developing states.

Bringing Value to the Table

• The company believes that price is only an issue in the absence of value.

• They bring value by starting with their philosophy or "why" before listing product features or benefits.

• They work on branding from little things like putting up banners or wobblers in supermarkets till big campaigns.

Lessons Learned

In this section, the speakers discuss lessons learned from their experiences in branding and business development.

Lobo & Bearing Point's Lessons Learned

• It's important not to go into every country with your brand. Choose low-hanging fruits first before going into highly regulated markets.

• Don't be afraid to say no and stick to your plan. Be focused on what you want to achieve.

• There's a lot of talent out there, especially young people who've just finished studying. Recruit them either in one of our offices in the Netherlands or back home in Curacao.

Quest's Lessons Learned

• Persistence and patience are essential. Don't give up.

• Don't be afraid to say no and stick to your plan. Be focused on what you want to achieve.

• There's a lot of talent out there, especially young people who've just finished studying. Recruit them either in one of our offices in the Netherlands or back home in Curacao.

The lessons learned are similar for both speakers.

Best Practices for Exporting

In this section, the speakers discuss best practices for exporting and emphasize the importance of quality control, long-term relationships with clients, and providing excellent service.

Quality Control is Key

• It's important to keep your promises when exporting because you cannot return or send back aggregates to Curacao.

• Quality control is crucial in ensuring that exported products meet agreed-upon standards.

• Providing a complete package of services, including FOB and Faisal services, is essential to maintaining high-quality exports.

Long-Term Relationships are Important

• Long-term relationships with clients are critical in building trust and ensuring consistency in exports.

• Being present in the markets where you want to export your product is essential. Face-to-face interactions are often necessary in Latin American cultures.

Overcoming Challenges When Exporting

In this section, the speakers discuss challenges they faced when exporting their products and how they overcame them.

Competitiveness is Key

• Knowing your competitors is crucial when exporting. Market research and travel can help identify potential competitors.

• Traveling to clients' locations and explaining how you can help them can build trust and lead to successful exports.

Integrating into New Markets Abroad

• Learning about new markets abroad requires research on delivery options, such as vessel size limitations.

• Building relationships with potential clients by attending conferences can be an effective way to enter new markets.

Representing Products to Specialized Clients

In this section, the speaker talks about the importance of representing products to specialized clients and shares his experience of being known as the "calcium guy" after five years.

Importance of Representing Products to Specialized Clients

• It is important to represent products to specialized clients.

• After five years, the speaker was known as the "calcium guy."

Challenges Encountered for Exporting Services

In this section, a question is asked about challenges encountered for exporting services. The speaker talks about challenges faced during COVID-19 and working with small countries that have limited budgets.

Challenges Faced During COVID-19

• Working online during COVID-19 was challenging.

• Being present in person is important.

Working with Small Countries with Limited Budgets

• Small countries have limited budgets but big needs.

• The speaker sees themselves as a partner in resolving their problems.

• Networking through sources of funding like IDB, IMF, and World Bank helps create additional projects for clients.

Barriers of Entry for Category Markets and Latin American Markets

In this section, a question is asked about barriers of entry for category markets and Latin American markets. The speakers talk about local barriers at destinations and challenges faced in Curacao such as transport costs.

Local Barriers at Destinations

• There are local barriers at destinations when exporting.

Challenges Faced in Curacao

• Transport costs increase as soon as you start exporting.

• As soon as somebody is making money, transport costs go up.

• Adding new customers to the portfolio requires good people who may not be from Curacao.

Regulations for Importing Cosmetics into the US

In this section, the speaker talks about regulations for importing cosmetics into the US and how they need to have a U.S agent and food facility registration.

Regulations for Importing Cosmetics into the US

• The FDA is passing new cosmetics regulations called MOKRA.

• A U.S agent and food facility registration are required.

USA Regulations for CARICOM

In this section, the speaker talks about the regulations for CARICOM in the USA and how to import products tax-free.

Importing Unique Products Tax-Free

• If you have a unique product, it's easy to import it into the USA from CARICOM.

• You need the HS code to import tax-free in the United States.

• Urbanized standardization can help with finding the right code.

Innovative Payment Solutions by CXP

This section covers David Levy Maduro's presentation on innovative payment solutions by CXP.

Introduction of David Levy Maduro

• David Levy Maduro is one of the founding partners of CXP.

• He is also the treasurer of Curacao fintech association.

Innovative Payment Solutions by CXP

• David will be talking about innovative payment solutions provided by CXP since 2016.

• The focus is on assisting Curacao market to receive payments from regional and international markets into local bank accounts.

• Innovation knows no history, and trust in subtle settlements are key factors for success in this business.

• Technology plays a crucial role in receiving funds directly into your own bank account.

CX Pay Gateway Services

In this section, the speaker talks about the services offered by CX Pay, which includes gateway services for credit and debit cards, local and international payment methods, cashless solutions, crowdfunding solutions, e-wallets, and hardware.

Services Offered

• CX Pay offers gateway services for credit and debit cards.

• They also offer local and international payment methods like Ideal software banking Bank contact bit pay alipay China Bay China Union payLo Etc.

• Other services include cashless solutions events based off and online gift card programs loyalty programs crowdfunding Solutions like a GoFundMe account here in Curacao with a local bank it's a donations-based crowdfunding solution where we have a custodian accounts an e-wallet.

• Hardware is also provided in two forms: one is that they provide it with the bank and the other one is with the technology they have with Visa which many of you might have heard about it tap on phone or like we call it tap on glass.

Gateway Services

• With Gateway Services, CX Pay provides mostly an e-commerce solution - simple fast and efficient way to process credit and debit cards online mobile payments secure undergo payments via a platform which is agnostic and on mobile apps then we have EMV and contactless mobile countertops.

• They also offer multi-lane EMV encounter class payment devices for retail unattended parking operations integrated payments integrate transaction processing into your software with a full stack of apis and sdks all at the same time significantly keeping Security in mind.

Partnerships

• Some of their main partnerships are exclusive to see explain the region.

• They partner up with other companies to provide merchants with solutions in the Dutch Caribbean and the ladder of the Caribbean.

The Visionary Entrepreneur

In this section, the speaker talks about his personal journey as an entrepreneur and how CX Pay came to be.

Personal Journey

• The speaker describes himself as a visionary who has worked hard in various industries.

• He believes that passion is essential for success and that he yearns to go to work every day.

• Despite not having gone to university or college, he is now the managing director of CX Pay and proud of their impressive numbers.

CX Pay: Providing Solutions to Ministries and Exporters

In this section, the speaker talks about how CX Pay provides solutions to Ministries and exporters. She emphasizes the importance of providing customer service and abiding by financial rules.

Providing Solutions

• CX Pay provides solutions to Ministries and exporters.

• The speaker explains that CX Pay leaves no stone unturned in providing a solution. If they can't provide a solution, they will tell you upfront.

• It's important to follow physical rules and financial rules when dealing with the Central Bank.

Customer Service

• Providing good customer service is important.

• Collaboration is key in finding solutions for local payments.

Payment Processing Volume

• Proven volume is important for exports.

• Local payments are crucial for building trust with customers.

• Financial rules must be followed when it comes to payment processing volume.

Cost of Business

• The cost of business should not be decided by operators or banks.

• CX Pay has processed over 1.4 million transactions worth 249 million in payments processing volume across the region since its inception.

• Only one-third of CX Pay's merchants are stationed in Curacao, while the rest are spread across the Caribbean, Canada, Costa Rica, and the Dutch Caribbean.

Empowering Curacao Exporters

• Empowering Curacao exporters is essential for growth.

• Let clients decide how they want to pay.

• CX Pay offers a variety of local payment methods from Argentina to China Union Pay.

Importance of Payment Collection Before Service Delivery

In this section, the speaker emphasizes the importance of collecting payment before providing services. This allows for better budget planning and ensures that deals are closed.

Collecting Payment Before Service Delivery

• Collecting payment before service delivery allows for better budget planning.

• Closing deals requires a payment to be involved.

• Having a system in place for reconciling payments and fulfilling services can streamline business operations.

Types of Payment Methods and Options

In this section, the speaker discusses different types of payment methods and options available to businesses.

Payment Methods and Options

• Over 100 different payment methods are available.

• Businesses should adhere to international rules when it comes to cross-border financial transactions.

• Clients should not decide how they want to pay; businesses should offer a variety of options.

• The speaker provides an example of a simple payment page that can be used for transactions.

• Various software solutions are available for processing payments.

Examples of Businesses Using CX Pay Solutions

In this section, the speaker provides examples of businesses that use CX Pay solutions for their payment processing needs.

Examples of Businesses Using CX Pay Solutions

• CX Pay offers solutions for businesses in various industries, including gambling operators licensed in Curacao.

• Local companies exporting goods can also benefit from using CX Pay's solutions. For example, a flower shop can receive payments from abroad but deliver locally.

• The Dutch Caribbean air navigational service provider uses CX Pay to process payments for airlines passing through Curacao's airspace.

Event Digital Token Solution

In this section, the speaker discusses CX Pay's event digital token solution and how it can be used for payment processing at large events.

Event Digital Token Solution

• CX Pay's event digital token solution allows for cashless payment processing at large events.

• The solution provides rich data that can be used to generate reports on usage and spending.

• The technology is currently being used in parties in the United States, Europe, Colombia, Mexico, and other countries.

Aruba Highwinds and Curacao Event Solutions

In this section, the speaker talks about the event solutions provided by CX Pay in Aruba and Curacao.

CX Pay's Event Solutions

• CX Pay provides event solutions for both online and offline ticketing in Aruba and Curacao.

• The company is transparent about its pricing, unlike other providers who do not disclose how much it costs clients to pay for tickets online.

• CX Pay has partnerships with local and regional banks to provide contactless payment options through tap on glass technology or hardware that connects via Bluetooth.

Crowdfunding Solutions and CFA

In this section, the speaker discusses crowdfunding solutions offered by CX Pay as well as the Curaçao Fintech Association (CFA).

Crowdfunding Solutions

• CX Pay offers crowdfunding solutions without the need for platforms like GoFundMe or Kickstarter.

• The CFA represents fintech companies in Curaçao, providing assistance with regulations, licensing, and endorsement from the Central Bank of Curaçao.

Joining the CFA

In this section, the speaker encourages fintech companies to join the Curaçao Fintech Association.

Benefits of Joining the CFA

• The CFA serves as an official representative organization for fintech companies in Curaçao.

• CX Pay is a founding member of the organization, which acts as a sparring partner for government institutions and stakeholders.

• Fintech companies can sign up for the CFA at queerfen.tech.

CX Pay's E-commerce Solutions

In this section, the speaker talks about CX Pay's e-commerce solutions and provides an example of a merchant who benefited from their services.

E-commerce Solutions

• CX Pay offers e-commerce solutions that allow businesses to sell products throughout the Caribbean.

• The speaker gives an example of a merchant named Thelma and Luis Help Me, who was able to export her cookbooks throughout the Caribbean using CX Pay's e-commerce solution.

• CX Pay also provides payment solutions for fundraising events.

Why PayPal is not available in some countries

In this section, the speaker explains why PayPal is not available in some countries and how CX Pay provides an alternative solution.

Reasons for PayPal's absence

• The main reason why PayPal is not available in some countries, including smaller islands in the Caribbean like Curacao, is due to volume. If there was enough volume promised to them, they would be there.

• To operate in a new country or island, PayPal needs to request an extension of use license into that area. Therefore, it's not true that PayPal is everywhere.

• CX Pay offers a local bank debit card and credit cards as well as local payment methods as an alternative to replace the usual credit card or bank wire payment method used by PayPal.

Alternative solutions

• Stripe has become too expensive for some merchants leading them to sign up with CX Pay.

• With RBC rolling out debit cards soon, everyone will have access to a debit card making e-commerce across the board possible.

Q&A Session

This section covers questions from attendees about CX Pay and its services.

Local Crowdfunding

• An attendee asks about the lack of progress on several projects on CX Pay's crowdfunding page. The speaker explains that while they provide the technology for crowdfunding pages, it takes two parties (the organization and CX Pay) to promote it successfully. Completed projects should be added to show success.

Conclusion

The speaker emphasizes that innovation has no history and tomorrow will always be different than today. He also notes that since 2016, CX Pay has provided merchant services from small to large businesses, and no business is too small.

Funding and Launching in Curacao vs Abroad

In this section, the speaker discusses the importance of attracting funders to launch a project successfully. They also talk about their decision to launch their solution abroad first before launching it in Curacao.

Importance of Attracting Funders

• The page needs to attract funders for the project to work.

• Without funding, the project won't be successful.

Launching Abroad First

• The speaker made a business decision to launch their solution abroad first.

• A foreign government has given them an opportunity to launch with them and implement the solution in all kinds of phases.

• They have had success providing solutions in other countries such as Aruba, Saint Martin, and Bonaire but not in Curacao.

• The speaker believes that people in Curacao fight instead of collaborating when someone tries to launch something new.

Using Curacao as a Pilot vs Going Abroad First

In this section, the speaker explains why they chose to go abroad first instead of using Curacao as a pilot for their solution.

Why Go Abroad First?

• A foreign government believed in them and gave them an opportunity to launch with them.

• They can complete their wallets with this opportunity which cannot be launched in Curacao without cooperation from others.

• They have had success providing solutions for other countries but not for Curacao despite being there for many years.

Why Not Use Curacao as a Pilot?

• People fight instead of collaborating when someone tries to launch something new.

• No one asks for advice or uses each other's resources despite having events and opportunities where they could provide solutions locally.

Providing Solutions Locally and Internationally

In this section, the speaker talks about their experience providing solutions for other countries and how they can provide solutions locally and internationally.

Providing Solutions Locally

• They have provided solutions for Aruba, Saint Martin, and Bonaire but not for Curacao.

• Despite being in Curacao for many years, no one asks for advice or uses each other's resources.

Providing Solutions Internationally

• They have had success providing solutions internationally.

• They are respected in a different country and are exporting their services.

• Their solution could be used to provide services for the gaming industry locally and internationally.

Introduction

This section includes applause and music.

Positive Note

The speaker mentions a positive note.

Upcoming Presentation

The speaker introduces Mr. Benno, who will give a presentation on the upcoming FATF evaluation in Curacao.

Background of Mr. Benno

• Mr. Benno is a fraud and compliance expert with experience at the Central Bank of the Netherlands Antilles and as a financial analyst for the Unusual Transaction Reporting Center.

• He is currently part of the Compliance Caribbean team and provides compliance services to many financial institutions in the Caribbean region.

• He has participated in several task groups aimed at increasing the fight against money laundering in the Dutch Caribbean.

Mr. Benno's Presentation

Mr. Benno discusses the upcoming FATF evaluation in Curacao, including its background, methodology, and potential impact on Curacao.

Background of FATF Evaluation

• The speaker explains what FATF is and what they do.

• The Minister of Finance is preparing legislation for meetings with sectors leading up to the 2024 evaluation.

Methodology of FATF Evaluation

• The evaluation will test if institutions are functioning properly, if legislation is in place, if people are brought to court, etc.

Potential Impact on Curacao

• No bullet points provided

Financial Action Task Force (FATF)

The FATF is an international organization that sets standards to prevent money laundering and terrorist financing. It was established in 1998 by the G7 and has 40 recommendations that are accepted worldwide. The organization comes out with a lot of reports about countries and what they are doing, as well as interpretive notes to get more knowledge about what's happening.

• The FATF is unique because it was able to come up with 40 recommendations that are accepted worldwide.

• The organization sets standards for finding money laundering in the world, which is accepted by the whole world.

• Only 37 countries worldwide are members of the FATF, making it a small organization compared to others like the United Nations.

• The FATF prepares a lot of other documents on how to fight money laundering through different sectors such as cold markets or football secretary.

Advantages of Being a Member of FATF

Being a member of the FATF has advantages for Curacao since it's considered a low-risk country. This section discusses how being part of this organization makes Curacao unique in its region.

• If a country is an FATF member, then it's considered a low-risk country for financial institutions worldwide.

• Curacao has an advantage over other Caribbean countries since it's both an FATF and CFATF (Caribbean Financial Action Task Force) member.

• Being part of both organizations makes Curacao unique in its region.

Money Laundering Through Football Sector

This section discusses how money laundering can occur through the football sector, and how players' values can be inflated to launder money.

• Enormous amounts of money are transferred to the Middle East for players like Messi, which may not reflect their actual value.

• Inflating a player's value is a form of money laundering.

Money Laundering and the Financial Action Task Force

In this section, the speaker discusses how money laundering is being done through various means such as trades involving baseball players, football players, and art pieces. The discussion also covers how real estate markets are used for money laundering. The Financial Action Task Force (FATF) is introduced as an organization that evaluates countries' compliance with anti-money laundering regulations.

Money Laundering Techniques

• Money laundering techniques include using trades involving baseball players, football players, and art pieces.

• Real estate markets are also used for money laundering purposes.

• The FATF website provides information on different money laundering techniques.

• Compliance with FATF's 40 recommendations is mandatory.

Evaluating Countries' Compliance

• The FATF evaluates countries' compliance with anti-money laundering regulations.

• Countries with serious deficiencies in their AML systems are put on a gray or black list.

• North Korea and Iran are currently on the high-risk country list due to significant strategic defenses in their AML systems.

• The FATF does not impose sanctions but urges all jurisdictions to enhance due diligence and apply countermeasures around these countries.

Increased Monitoring

• Jurisdictions on the increased monitoring list must actively work with the FATF to address strategic defenses against money laundering.

• Panama is considered a higher risk country by most financial institutions worldwide due to its inclusion on the increased monitoring list.

• Curacao aims to develop itself as an expert country to avoid being on the increased monitoring list and facing higher compliance costs.

Mutual Evaluation Reports

• The Cayman Islands received a mutual evaluation report in 2017 that was based on the old methodology and found deficiencies in effectiveness.

Cayman Islands and Money Laundering

In this section, the speaker discusses the efforts made by the Cayman Islands to combat money laundering. The speaker also talks about the importance of a national risk assessment report that provides insight into what is happening in Curacao.

Increased Monitoring and FRTF Meetings

• The monitoring process for money laundering in Cayman started on February 25th.

• The Financial Action Task Force (FATF) Regional Follow-Up Team (FRTF) only meets in February, June, and November.

• If you miss one of these meetings, you have to wait for another three months to discuss your report.

Efforts to Combat Money Laundering

• Since 2019, Cayman has been working hard to become white-listed again.

• It takes a long time and millions of dollars to become a category one airport again.

• There are still challenges that need to be addressed before Curacao can be whitelisted next year by the FRTF.

National Risk Assessment Report

• Recently, a national risk assessment report was published that provides insight into what is happening in Curacao.

• This document can be used by financial institutions to update their own risk assessments or gain a better understanding of what is happening in Curacao.

• The report highlights that there are still money laundering risks on the islands despite efforts made by authorities.

Recommendations from FATF

• The FATF provides recommendations for both countries and financial institutions on how to fight money laundering.

• The recommendations are risk-based and take into account the fact that not all financial institutions are equal.

Risk-Based Measures

The implementation of risk-based measures is a challenge for Curacao. High-risk institutions are doing more to fight money laundering, while some institutions are doing less. Fintech companies need to report and assist financial institutions in implementing these measures.

Implementation Challenges

• Risk-based measures are a main challenge for Curacao's implementation of anti-money laundering regulations.

• Some institutions are doing less to fight money laundering on the islands.

• Fintech companies need to report and be of assistance to financial institutions in implementing these measures.

Compliance Regulations

• All designated professional businesses and professions, including real estate agents, jeweler stores, lawyers, notaries, accountants, trust companies, casinos, hardware stores and car dealers have to comply with the same set of regulations as financial institutions.

• Up-to-date client information must be available along with information about the ultimate beneficial owner.

• Transactions must be monitored and compliance files must be in place.

Effectiveness

• The effectiveness of anti-money laundering regulations is measured by proving that the system is working.

• Industries such as gaming and lotteries may still be unregulated or lacking legislation for specific sectors.

• On-site inspections by the central bank need to be effective and follow up on supervision.

Finding Money Laundering

Despite having many things in place for anti-money laundering regulations on Curacao, there are still industries that aren't regulated or aren't doing well. This makes it difficult to find money laundering from all angles within the country.

Unregulated Industries

• There are still industries on Curacao that aren't regulated or aren't doing well when it comes to anti-money laundering regulations.

• Examples include the gaming industry, lotteries, and car dealerships.

• Transactions can be misused for money laundering in these industries.

Effectiveness

• The effectiveness of anti-money laundering regulations is measured by proving that the system is working.

• The FIU needs to function properly with people working there who have the necessary systems and skills to analyze transactions.

Money Laundering and Effectiveness

In this section, the speaker discusses the challenges of dealing with money laundering cases in Aruba due to a lack of capacity. They also talk about how effectiveness is assessed in evaluations and how it can impact a country's risk rating.

Challenges with Money Laundering Cases

• There are many cases waiting to go to court due to a lack of judges.

• Many people convicted for money laundering are still doing business on the islands because they have not been sent to prison.

• The whole system needs to be effective, not just having institutes in place.

Assessing Effectiveness

• Compliance can be partly or largely compliant, non-compliant, or not applicable.

• Effectiveness is assessed at a high level, substantial level, moderate level, or lower level.

• A low level of effectiveness can result in a low rating from the FATF.

Evaluations and Risk Ratings

• Evaluation teams come to countries and check what's happening there and what risks exist within the financial framework.

• Aruba is considered a lower risk country internationally because it has no international banks or offshore constructions.

• Curacao has many international banks and trust companies, making it evaluated as high risk.

• If Aruba does not meet evaluation standards, it could become a higher risk country for the rest of the world.

Training and Evaluation of the Financial Industry

In this section, the speaker discusses the upcoming training and evaluation of the financial industry in Curacao.

Importance of On-Site Visits

• The speaker explains that on-site visits will be conducted during the week to interview stakeholders from various industries, including real estate agents and bankers.

• These visits are meant to test if the system is working as intended and not just relying on statistics.

Upcoming Evaluation

• The speaker emphasizes the importance of an upcoming evaluation by an audit committee to ensure that Curacao is up to par in fighting money laundering.

• It is important for those working in or providing services to the financial industry to stay ahead of developments and update their risk assessments regularly.

Sustainability Goals

• The United Nations' sustainability goal number 16 promotes fighting money laundering, corruption, and bribery at national and international levels.

• Compliance with these goals is necessary for businesses operating in Curacao as well as for the country itself.

Updating Risk Assessments

This section focuses on updating risk assessments regularly.

Importance of Updated Risk Assessments

• Risk assessments need to be updated regularly, especially after major events like COVID-19, which can impact risk factors significantly.

• Outdated risk assessments are not realistic and can lead to inadequate measures against money laundering.

Coherence System of Measure

• All risk assessments should reflect what's happening currently in a coherence system of measure across all industries involved in fighting money laundering.

The Importance of Fighting Money Laundering

In this section, the speaker discusses the importance of fighting money laundering in Curacao and how it can positively impact the country's economic growth.

The Financial Sector is Critical for Economic Growth

• The financial sector is critical for Curacao's economic growth.

• Only 37 countries in the world are members of the Financial Action Task Force (FATF), including the Kingdom of the Netherlands and Curacao as part of it.

• It is important to make use of this fact in promoting Curacao.

Fighting Money Laundering Boosts Economic Growth

• High rates of crime and corruption figures slow down economic growth and tourism.

• Fighting money laundering can result in low crime and corruption figures, which boosts economic growth.

• A low informal economy ratio to the national economy is positive for economic growth.

• Investors are more likely to invest in a country with lower rates of crime and corruption.

Working Together to Receive Positive Reports from FATF

• Being right-listed by FATF requires compliance with rules against money laundering.

• Working together as a country to fight money laundering will result in a positive report from FATF.

• All industries need to contribute towards receiving a positive report from FATF.

Legally Compliant Advertising Campaign

In this section, Miss Bertrand talks about her advertising campaign that focuses on legally compliant advertising.

About Miss Bertrand

• Miss Bertrand has a Master of Laws from the University of Curacao and founded her firm, Bertrand Legal and Intellectual Property, in December 2013.

• She provides legal counsel on intellectual property, advertising and promotion, health and pharmaceuticals, contracts, sporting entertainment, and regulatory compliance.

• She counsels and represents local and foreign corporations and individuals.

Legally Compliant Advertising Campaign

• Miss Bertrand's advertising campaign focuses on legally compliant advertising.

• The campaign provides legal guidance to companies on how to create advertisements that comply with regulations.

• The campaign is available to companies in the Dutch Caribbean, wider Caribbean, Latin America, Europe, the United States, and Asia.

Career and Hobbies

The speaker is a frequent speaker on copyright, trademarks, trade names, and advertising law. She has presented in various countries and webinars with colleagues from different countries. Her hobbies include music, sports, and reading.

Speaker's Professional Life

• The speaker is a frequent speaker on copyright, trademarks, trade names, and advertising law.

• She has presented on legal aspects of advertising and promotion regarding the Dutch Caribbean islands in seminars in Jamaica and New York City USA.

• She has also presented in several webinars with colleagues from the Dominican Republic Trinidad in Tobago Jamaica Mexico Germany USA Argentina UK South Africa the Netherlands and turkey.

• Her most recent presentation was in Saint Martin.

Speaker's Upcoming Presentation

• In September 2022 she will be presenting on strategies to combat counterfeiting during the anti-counterfeiting seminar organized by the Saint Martin Ministry of Justice career's membership includes Global advertising law alliances Gala International trademark Association enta and intellectual property Caribbean Association ipca.

Speaker's Role as Coordinator

• The speaker coordinated policy dialogue between Jamaica and Curacao on anti-counterfeiting by bringing together various stakeholders from the public and private sectors in both countries.

• She continues to guide colleagues from other countries facilitating similar discussions.

Speaker's Hobbies

• The speaker's hobbies include music where she is a pianist former choir musical director sports reading especially on personal growth topics.

• Her extracurricular achievements include being a former National Junior channel Tennis champion of Curacao former National junior tennis champion of the Netherlands antalese winner best composition and most outstanding Arrangement winning song One Caribbean Nation 2006 of Curacao Calypso Soca Festival.

Introduction to Advertising Law

The speaker discusses the basics of advertising law in the Dutch Caribbean, including specific laws and regulations that apply to different types of products and services.

Introduction

• The speaker thanks Mr. Villarreal for the introduction and the Ministry of Economic Development and Cinex for inviting her to speak on Advertising law.

• She explains that advertising campaigns are subject to legal rules, and she has received various requests from clients from abroad asking her to check on their contest rules advertising campaigns in the Dutch Caribbean to make sure they were all legally compliant.

Specific Laws and Regulations

• There is no general advertising law like in some countries; it depends on the type of products and services being advertised that determines which specific laws and regulations apply.

• There is no social media law like in some countries; instead, we look at rules that apply to digital marketing, e-commerce, etc., which will be discussed later in the presentation.

• There are no rules on influencer regulations; instead, contracts with influencers must provide for specific stipulations and rights/obligations of parties.

• There is no specific law on ambush marketing (when companies promote their products/services during a famous event), but we would look more at general civil law where this is concerned as well as intellectual property laws such as copyright and trademark rights.

Regulators

• There is no general regulator for advertising; rather, it depends on the specific topic at hand which authority would regulate it.

Advertising Laws in the Dutch Caribbean

This section discusses the advertising laws in the Dutch Caribbean and how they vary across different jurisdictions. It also covers the regulations regarding advertising content, platforms, products, and services.

Jurisdiction-Specific Laws

• Each jurisdiction in the Dutch Caribbean has its own set of laws regarding advertising.

• Advertising provisions vary depending on what is being advertised, how it is being advertised, and on which platform it is being advertised.

• General civil law applies to advertising matters in the Dutch Caribbean.

Regulations for Advertising Content

• Advertising refers to a public announcement regarding goods and services offered by a business or profession.

• The content of advertisements must comply with rules governing contests, use of copyrighted material, trademarks and logos, images of people's portraits or likeness, voiceovers, and privacy legislation.

• Specific laws regulate commodities such as food products, packaged pharmaceutical products, strong alcoholic beverages tobacco.

Regulations for Advertising Platforms

• The platform used for advertising can be broadcasting (TV/radio), social media (digital marketing), or billboards/signage visible from public streets.

• Specific laws regulate TV and radio licenses when it comes to advertising campaigns.

• Lottery ordinances apply to promotions that are considered a lottery.

Privacy Considerations

• Personal data collected during an advertisement campaign must comply with privacy legislation.

• Advertisers must consider where personal data is being stored and who is storing it, especially if a third party is involved.

The transcript discusses advertising laws in the Dutch Caribbean and how they vary across different jurisdictions. It also covers the regulations regarding advertising content, platforms, products, and services. The section emphasizes that each jurisdiction has its own set of laws regarding advertising and that general civil law applies to advertising matters in the Dutch Caribbean. The content of advertisements must comply with rules governing contests, use of copyrighted material, trademarks and logos, images of people's portraits or likeness, voiceovers, and privacy legislation. Specific laws regulate commodities such as food products, packaged pharmaceutical products, strong alcoholic beverages tobacco. The platform used for advertising can be broadcasting (TV/radio), social media (digital marketing), or billboards/signage visible from public streets. Specific laws regulate TV and radio licenses when it comes to advertising campaigns while lottery ordinances apply to promotions that are considered a lottery. Personal data collected during an advertisement campaign must comply with privacy legislation; advertisers must consider where personal data is being stored and who is storing it, especially if a third party is involved.

Advertising and Legal Considerations

In this section, the speaker discusses the importance of legal considerations in advertising campaigns. They explain that legal departments are responsible for ensuring that advertisements are not misleading and that all claims made in the advertisement are true.

Misleading Advertising

• Advertisements must not be misleading.

• The advertisement must be truthful, complete, and provide an accurate product impression.

• Claims made in the advertisement must be substantiated with evidence.

• Examples of misleading advertising include false claims about a product's nature or composition, origin, manufacturing process, price calculation method, or awarded distinctions.

Language Requirements

• Advertisements can be run in English in the Dutch Caribbean since it is an official language by law or widely spoken and understood by the public.

• However, certain advertisements regarding serious products like pharmaceuticals must be translated into the local language to ensure consumers understand what they are getting into.

• Commodities National Ordinance requires all advertisements regarding commodities to conform to labeling and packaging requirements and avoid misleading advertising.

Product Labeling Requirements

• Product labeling and packaging information must provide a true reflection of the product's information without any extraordinary health or safety hazards.

Overview of Commodities and Pharmaceutical Products

This section discusses the general overview of commodities, including food products, and pharmaceutical products. It also covers the requirements for advertising pharmaceutical products.

Advertising Pharmaceutical Products

• Pre-approval from health authorities is required to advertise pharmaceutical products in Aruba.

• In other islands, advertisements are allowed as long as there is no law prohibiting it and they are consistent with the dossier submitted to health authorities.

• Advertisements must reflect what is in the dossier regarding label, packaging, and dosage.

• Off-label promotion is not allowed.

• Statements such as "consult your physician before using" must be included in the advertisement in both English and local language.

• Special prohibitions apply to advertising pharmaceutical products, such as limiting depiction of persons taking medication, not using celebrities or children for adult medications, and not guaranteeing success of the product.

Television and Radio Advertising

• Strong alcoholic beverages, pharmaceutical products, and tobacco have specific provisions where advertising is concerned.

• Strong alcoholic beverages cannot be advertised to minors between 10 pm and 1 am for a maximum duration of 60 seconds.

Billboards and Posters in Public Spaces

• The rules of public ordinance apply to advertisements placed on water surfaces because they are considered public streets.

Digital Marketing and E-commerce

In this section, the speaker discusses the rules and regulations for advertising on social media platforms in relation to e-commerce laws.

Rules for Advertising Electronically

• Basic principles of misleading advertising still apply.

• Specific product being advertised must be considered.

• Clear identification of advertiser is required.

• Advertisements must be recognizable as such.

• Contact details and mercantile registration must be included.

• Clear identification of product, service, price, and costs is required.

• Opt-out option for unsolicited commercial communication must be provided.

Advertising Contests on Digital Platforms

• Contests must be clearly identified as such.

• Contest conditions must be easy to fulfill by participants.

Promotion Contests

Skill-Based Promotions

• Participants are requested to showcase their skills (e.g. essay or photo contests).

• No license or permit is required.

Chance-Based Promotions

• No license or permit is required if:

• Sweepstakes are not organized to stimulate sales or increase turnover

• Sweepstakes are not held by commercial organizations

• No entrance fee is required.

Legal Considerations for Advertising Campaigns

In this section, the speaker discusses the legal considerations that advertisers need to take into account when running advertising campaigns.

Transparency and Accessibility of Contest Rules

• Contest rules must be easily accessible and downloadable for participants.

• Participants must have a reasonable possibility to take note of the contest rules.

Ownership of Entries

• Copyright exists during the life of the author and 50 years after their death.

• Copyright can only be transferred in writing.

• Participants may need to sign an additional instrument where the copyright of their entry is being transferred to the advertiser.

Clearance and Authorization

• It is important to clear rights for copyrighted material, filming locations, logos, and people in advertisements.

• Release forms and assignments should cover all territories where the advertisement will run.

• Authorized persons should sign release forms.

Privacy Concerns

• Personal data collected from participants must be stored securely.

• Participants must consent to their personal data being processed.

Advertising Abroad: Important Considerations

In this section, the speaker discusses important considerations when advertising abroad.

Government Pre-Approval

• Advertisers may need government pre-approval in certain countries.

Pre-Clearance by Media

• Pre-clearance by media may be required in certain countries.

Exaggerated Claims and Product Packaging Rules

• Exaggerated claims are permitted as long as they are not true regarding the product.

• Special rules apply for product packaging.

Tax Implications and Prohibited Practices

• Advertisers should check if there are any tax implications for offering free products or sales at special prices.

• Indecency or obscenity is prohibited in advertisements.

Cultural Concerns

• Advertisers should check with an attorney in the countries where they will be advertising to ensure compliance with cultural concerns.

Resources

• The Global Advertising Lawyers Alliance provides resources such as country guides and publications on advertising law, alcohol advertising, privacy laws, sweepstakes, and social media.

Compliance with Advertising Standards

The speaker discusses compliance with advertising standards in Curacao and the Dutch Caribbean.

Compliance with International Standards

• Advertisements in Curacao are generally compliant as long as they follow international accepted standards.

• However, some advertisements may not be compliant if they make false claims or misrepresent products.

Compliance with World Cup and Olympics Regulations

• Advertisements related to the World Cup or Olympics must comply with regulations set by official sponsors.

• If an advertisement is not representative of a local sponsor or official sponsor, it is not permitted.

GDPR and Artificial Intelligence

The speaker answers questions about GDPR compliance and artificial intelligence.

GDPR Compliance in the Caribbean Netherlands

• Companies running ad campaigns that collect personal data must observe stricter rules of GDPR when targeting persons residing in the European Union.

• Privacy laws in the Dutch Caribbean are based on the old Dutch privacy law but provide sufficient guarantees for compliance with data collection and processing.

Artificial Intelligence and Intellectual Property Rights

• There is no regulation yet regarding granting intellectual property rights to content created by AI.

• Many countries have taken stances against granting IP to AI-created content, but this is still an evolving area of law.

Copyright and Natural Capital

In this section, the speaker discusses copyright laws and how they relate to technology. They also introduce the concept of natural capital and its potential for generating value.

Copyright Laws and Technology

• According to copyright laws, only humans can be granted copyright.

• The ultimate creation must be by a human to qualify for copyright protection.

• The speaker suggests that there may be changes in the future regarding this issue.

Introduction to Natural Capital

• The speaker introduces himself as Luke Weber, a social entrepreneur from Curacao.

• He talks about his experience building impact startups in the Netherlands.

• The speaker introduces the concept of natural capital as one of the most promising types of capital.

• He explains that natural capital includes animals, vegetation, and other natural resources that generate value.

Types of Capital

• Financial capital is cash money or equity used to produce value.

• Human capital includes intellectual knowledge, physical health, talent skills built up either an individual or in a country.

• Social power is another form of capital which includes social influence.

• Natural Capital traditionally was all about commodities drilling oil taking phosphor cutting down trees but it's a very destructive and limiting view on natural capital you can also see it as the animals that we eat and that take care of our planet any vegetation that we have.

Frameworks for Value Creation

The speaker presents two frameworks for understanding different forms of wealth:

1. Seven types of wealth: financial, material means, social power/influence, spiritual/psychological well-being, wisdom/intellectual knowledge

2. Eight examples from nature: biodiversity (species richness), ecosystem services (pollination), geodiversity (minerals), landscape diversity, natural resource stocks (timber), renewable energy, water resources, and wild foods.

• The speaker emphasizes that time is a crucial factor in creating value.

Forms of Capital and Their Importance

In this section, the speaker discusses the different forms of capital and how they shape individuals and countries.

Types of Capital

• There are many forms of capital, including financial, human, social, spiritual, cultural, and experiential.

• It is important to consider what type of capital we value as a country and as individuals.

• Times are changing which means our values and capital needs to change too.

Leveraging Different Types of Capital

In this section, the speaker talks about how Curacao leveraged different types of capital to realize an opportunity in oil exportation.

Leveraging Strategic Location and Natural Harbors

• Curacao leveraged its strategic location and natural harbors to allow oil to come close to them.

• Due to their location close to big oil reserves in Venezuela, they were able to leverage even more.

Creating Infrastructure and Knowledge

• They created infrastructure on the island along with knowledge that allowed them to create the largest refinery on their island.

Political Stability

• Relative political stability allowed large corporations such as Shell to decide that Curacao was the place with the best capital in the world for realizing this opportunity.

Global Challenges Require System Change

In this section, the speaker discusses global challenges such as climate change and how they require system change.

Global Challenges

• The world is facing forest fires, extreme heatwaves, increased natural disasters especially flooding, pressure on food systems, and other global challenges.

• People are starting to ask for system change because they think that our current systems are not able to properly deal with these global challenges.

Sustainable Development Goals

• The United Nations has set out frameworks such as the sustainable development goals that guide and shape where money flows and attention flows.

Valuing Natural Capital

In this section, the speaker discusses the concept of natural capital and how it is becoming more popular. The value provided by nature to our economies is discussed, as well as the carbon credit market.

Natural Capital Framework

• Natural capital frameworks exist to help us understand what is relevant.

• The framework for valuing natural capital is becoming more popular.

• Ecosystem services are a way of valuing natural capital.

• Ecosystem services are the value provided by nature to our economies.

Value of Natural Capital

• The value of ecosystem services is incredibly large at $33 trillion per year.

• This value is 20 times larger than the crude oil market.

Carbon Credit Market

• The carbon credit market allows countries to limit their carbon output by purchasing rights from other countries that are doing good for nature.

• This market is primarily shaped by law and legislation but also partially because people realize that if climate crisis increases, our lives will radically change.

• The carbon credit market has grown from $200 billion in 2019 to $760 billion in 2021.

Realizing the Value of Natural Capital

In this section, the speaker discusses how we can realize the value of natural capital and what Curacao has to offer in terms of natural resources.

Nature as Backbone of Economy

• We need ecosystems that support human thriving just like we did with oil.

• Curacao has some of the most well-maintained coral reefs in the Caribbean, beautiful natural parks with a lot of diversity and even species that only exist on Curacao, mangroves that protect our shores and allow for growth of fish and other species, renewable energy output which is valued internationally, and an extremely developed tourism infrastructure.

Estimated Value of Natural Capital in Curacao

• The estimated value of natural capital in Curacao ranges between $70 to $400 million per year.

• Almost 80% of these estimates are guided towards the value of our beaches and reefs to attract tourists to the island.

• Only 2% of that value is attributed to actual carbon sequestration.

Relevance of Carbon Credits

• Carbon credits and other forms of environmental credits are relevant for Curacao because new technology is becoming more efficient and transparent in creating these credits, which leads to better pricing and higher prices.

• Small countries like Curacao can finally tap into this market that was previously too big.

The Emergence of Biodiversity Credits

In this section, the speaker discusses how different types of credits are emerging, such as biodiversity credits. These credits are being rewarded for having a lot of biodiversity and maintaining it.

Natural Capital Development

• In order to grow economically, Curacao had to destroy nature in the past.

• A regenerative model is needed that grows natural capital and other forms of capital with every dollar made.

• This shift from an extractive model to a regenerative one will create an economy that becomes more relevant globally.

Progressing Research and Development

• Research and development is needed to better understand the potential of natural capital.

• Policies should prioritize long-term natural capital development.

Supporting International Partnerships

• Joint forces need to learn from each other so we can realize this potential as a region.

Enabling Experimentation

• We need to find ways to learn as fast as we can and once we have proof of success, replicate it at a much larger scale.

Q&A Session

In this section, the speaker invites questions from the audience regarding his presentation on natural capital development.

Questions Asked by Audience Members

• The speaker was asked about how they plan on measuring their progress towards achieving their goals.

• The speaker responded by saying that they are currently working on developing metrics for measuring progress towards achieving their goals. They are also looking into ways to track changes in natural capital over time.

• Another audience member asked about how they plan on balancing economic development with natural capital development.

• The speaker responded by saying that they need to ensure that natural capital development goes hand in hand with sustainable economic development and all different forms of capital.

• A third audience member asked about how they plan on involving the private sector in their efforts towards natural capital development.

• The speaker responded by saying that they are currently working on developing partnerships with the private sector to help them achieve their goals. They are also looking into ways to incentivize the private sector to invest in natural capital development.

Introduction

In this section, the speaker thanks the audience and takes a question about biodiversity credits.

• The speaker thanks the audience for attending.

• A question is asked on behalf of someone watching online about biodiversity credits.

Biodiversity Credits

In this section, the speaker discusses the possibility of using biodiversity credits and why they are not currently being focused on.

• The speaker explains that they were moving towards focusing on biodiversity because it is valuable in their region.

• Experts suggested not focusing on it right now because carbon credit markets are more developed and easier to realize.

• Carbon credits can be created with a co-benefit of adding biodiversity points to them.

• Biodiversity markets are young and difficult to approach properly. They are still looking into it.

Recent Developments in Natural Capital Trading

In this section, the speaker talks about recent developments in natural capital trading and gives examples of both bad and good developments.

• Over 85% of carbon credits produced in developing countries are fake projects that aren't really happening.

• Countries like Costa Rica, Colombia, and Brazil generate good revenue from carbon credits but some may not be as good as they show to be.

• The Open Earth Foundation is working with a group out of Costa Rica to put natural assets on the balance sheet of a country.

• The United States has a Natural Capital Strategy that puts natural capital on their balance sheet which stimulates protection of nature and development office greatly.

• Projects producing natural capital often finance by selling options on carbon credits giving promise to buy them at an X price in future.

Luke Weber Talks About Colectivo

In this section, Luke Weber talks about the growing interest in getting options and how it is a sign of the market. He also thanks everyone for attending and reminds them to join Colectivo either at collab or online.

Interest in Getting Options

• The market is showing signs of growth.

• There is a growing interest in getting options.

Thank You and Reminder

• Luke Weber thanks everyone for attending.

• He reminds everyone to join Colectivo either at collab or online.

X Rodriguez Already Full

In this section, it is mentioned that the 17th for the X Rodriguez is already full and that Friday's event will be held instead.

Event Full

• The 17th for the X Rodriguez is already full.

• Friday's event will be held instead.

Conclusion and Thanks

In this section, there are final words of thanks from the speaker to those who attended both physically and online. It is mentioned that Curious or Expert Week has provided opportunities to create something new and move forward with Curacao in better ways.

Final Words of Thanks

• The speaker thanks each and every one who attended both physically and online.

• Curious or Expert Week has provided opportunities to create something new.

• It has also provided opportunities to move forward with Curacao in better ways.