First Curaçao International Bank and John Deuss Prevail in £280 Million High Court Fraud Claim
First Curaçao International Bank (FCIB) and its former chief, John Deuss, have successfully defeated a substantial £280 million claim in the English High Court. Liquidators of Transworld Payment Solutions U.K. Ltd. had alleged dishonest assistance in a £415 million MTIC VAT fraud, but Judge Leech dismissed all dishonesty claims against Deuss following a significant trial.
CBCS Projects Continued Tourism-Led Economic Growth for Curaçao and Sint Maarten in 2025
The Centrale Bank van Curaçao en Sint Maarten (CBCS) forecasts sustained economic growth for both Curaçao and Sint Maarten in 2025, primarily driven by a robust tourism sector. Despite global uncertainties, the islands anticipate moderate expansion, supported by increased stay-over and cruise arrivals, alongside ongoing construction and investments.