#CasinoSecrets

Investigating the Offshore Online Gambling Industry

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The inclusion of a person, company, domain, or other entity in the CasinoSecrets database does not imply illegal or improper conduct. The data was extracted directly from relevant gambling authorities and official registers on the basis of a significant public interest and reflects information available up to August 2026.

Records may be incomplete, outdated, or contain errors from the underlying source systems. Please verify identities using company numbers, addresses, domains, licence details, or other identifying information before drawing conclusions. The database is intended to make information of significant public interest accessible for journalistic and research purposes. Individual records should be understood in the context of the underlying data and the reporting published alongside them.

CW Investments N.V.

Gaming OperatorRegistered January 3, 2024
2
Applications
3
Domains
13
Related Entities
0
Locations

OGL/2024/285/0330

Granted
Submitted: September 4, 2025End Date: December 9, 2025

Customer

Contact
Tiago Almeida
Email
cw_investments@fastmail.com
Company
CW Investments N.V.

Review Timeline

Verification
SMSaura Maurera (CGA user 5)
Background Check
AAAnton Axiaq (AAX)
Background Check
PWPhilippe Warzee (PW)
Due Diligence
LCLuca Camilleri (LC)
Suitability
HSHilary Stewart Jones (HSJ)
Approval
HSHilary Stewart Jones (HSJ)
Approval
CPCedric Pietersz (Managing Director GCB)
Conditionally Issued
CPCedric Pietersz (Managing Director GCB)
Conditionally Issued
DEDennis Engelhardt (CGA User DE)

Compliance Checklists

Application Verification ReviewCritical13 items
Question 39: Email AddressMiscellaneousHighDue Sep 20, 2024

The email address is not correct. Kindly change the email address to that of the portal user and resubmit the form.

The email address is not correct. Kindly change the email address to that of the portal user and resubmit the form.

Taigo Jose da Silva Almeida: Personal History Disclosure FormMiscellaneousCriticalDue Sep 4, 2024

No Personal History Disclosure Form was provided. Kindly download the form and submit.

No Personal History Disclosure Form was provided. Kindly download the form and submit.

Glenn Rellum: Personal History Disclosure FormMiscellaneousCriticalDue Sep 20, 2024

No Personal History Disclosure Form was provided. Kindly download the appropriate form and submit.

No Personal History Disclosure Form was provided. Kindly download the appropriate form and submit.

Jair Toussaint: Personal History Disclosure FormMiscellaneousCriticalDue Sep 20, 2024

No Personal History Disclosure Form were provided. Kindly download the appropriate form and submit.

<p>No Personal History Disclosure Form were provided. Kindly download the appropriate form and submit.<br></p>

Online Gaming Application Form -Question 17: Outsourced from third party sub 17.1QuestionCriticalDue May 1, 2025

Outsourced from a third party is selected, but 17.1 is not filled. Kindly fill in 17.1 and resubmit the form.

Outsourced from a third party is selected, but 17.1 is not filled. Kindly fill in 17.1 and resubmit the form.

Lucas Gustavo Ferreira -Birth CertificateBirth CertificateMinorDue Jan 10, 2025

The enclosed Brazilian Transportation document used as Birth Certificate, has expired. Kindly submit a recent and valid document.

The enclosed Brazilian Transportation document used as Birth Certificate, has expired. Kindly submit a recent and valid document.

Lucas Gustavo Ferreira -Personal History Disclosure Enclosure: Birth CertificateBirth CertificateMinorDue Jun 23, 2025

The enclosed Brazilian Transportation document used as Birth Certificate, has expired. Kindly resubmit a recent certified and valid copy of Birth Certificate document translated in English.

The enclosed Brazilian Transportation document used as Birth Certificate, has expired. Kindly resubmit a recent certified and valid copy of Birth Certificate document translated in English.

Daniel Mendes Neves -Personal History Disclosure Form and EnclosuresMiscellaneousCriticalDue Jun 12, 2025

Personal History Disclosure Form and Enclosures of the new managing director Daniel Mendes Neves are missing. Kindly download the appropriate form and submit.

Personal History Disclosure Form and Enclosures of the new managing director Daniel Mendes Neves are missing. Kindly download the appropriate form and submit.

Glenn Rellum -Remove as qualifying personMiscellaneousCriticalDue May 30, 2025

The name of Glenn Rellum is still listed on the list of qualifying persons. He is no longer in the function as managing director, therefore he needs to be removed from the list of qualifying persons. Kindly remove in order to procede with the application.

The name of Glenn Rellum is still listed on the list of qualifying persons. He is no longer in the function as managing director, therefore he needs to be removed from the list of qualifying persons. Kindly remove in order to procede with the application.

Jair Toussaint -Remove as qualifying person.MiscellaneousCriticalDue May 30, 2025

The name of Jair Toussaint is still listed on the list of qualifying persons. He is no longer in the function as managing director, therefore he needs to be removed from the list of qualifying persons. Kindly remove in order to procede with the application.

The name of Jair Toussaint is still listed on the list of qualifying persons. He is no longer in the function as managing director, therefore he needs to be removed from the list of qualifying persons. Kindly remove in order to procede with the application.

Business and Corporate Information Enclosures -Company StructureMiscellaneousCriticalDue Jun 27, 2025

Company Structure is not reflecting the new changes. Kindly resubmit a new company structure signed by the new managing director.

Company Structure is not reflecting the new changes. Kindly resubmit a new company structure signed by the new managing director.

Directors ListDirector's ListCriticalDue Jun 27, 2025

Directors List is not correct. Kindly resubmit a new directors list mentioning the new managing director.

Directors List is not correct. Kindly resubmit a new directors list mentioning the new managing director.

Kevin Segredo -Personal History Disclosure FormMiscellaneousCriticalDue Jun 27, 2025

Personal History Disclosure Form of the new managing director Kevin Segredo is missing. Kindly download the appropriate form and submit.

Personal History Disclosure Form of the new managing director Kevin Segredo is missing. Kindly download the appropriate form and submit.

Application Due Diligence ReviewCritical11 items
Share Ledger CertificationShare LedgerCriticalDue Sep 2, 2025

Share ledger is uncertified. Resubmit duly certified

The share ledger must be certified by an independent certifier. Kindly resubmit.

Financial StatementsFinancial AuditCriticalDue Sep 2, 2025

Submit FS for years ending 2023 and 2024, as well as signed financials in whatever form which are not older than 6 months

Submit FS for years ending 2023 and 2024, as well as signed financials in whatever form which are not older than 6 months

Compliance officerMiscellaneousCriticalDue Sep 2, 2025

Appoint a CO fluent in AML and submit their PHDF and relevant enclosures, together with a letter of engagement and CV. No SOW is required. Note also that the UBO/CEO may not cover CO functions due to conflicting interests.

Appoint a CO fluent in AML and submit their PHDF and relevant enclosures, together with a letter of engagement and CV. No SOW is required. Note also that the UBO/CEO may not cover CO functions due to conflicting interests.

Source of funds of businessSource of FundsCriticalDue Sep 2, 2025

Submit certified documentation showing how the operations of the business are funded and by whom, including documents which show funding of the company by shareholders or third parties, as well as certified documents which show any funds owned by the company through cashflow or other means

Submit certified documentation showing how the operations of the business are funded and by whom, including documents which show funding of the company by shareholders or third parties, as well as certified documents which show any funds owned by the company through cashflow or other means

QPA/2025/03760 - Kevin Segredo - PHDFMiscellaneousCriticalDue Sep 2, 2025

The PHDF must be filled out, signed and verified digitally. Please resubmit.

The PHDF must be filled out, signed and verified digitally. Please resubmit.

QPA/2025/04012 - Moneeb Ali Jaffari - PHDFMiscellaneousCriticalDue Sep 2, 2025

Please note that this is not signed by the applicant. Please submit this with the applicant’s signature.

Please note that this is not signed by the applicant. Please submit this with the applicant’s signature.

QPA/2025/04012 - Moneeb Ali Jaffari - Engagement LetterMiscellaneousCriticalDue Sep 2, 2025

Kindly submit a curriculum vitae and an engagement letter for the position of compliance officer.

<p class="MsoNoSpacing">Kindly submit an engagement letter for the position of compliance officer.<o:p></o:p></p>

QPA/2024/00264 - Lucas Gustavo Ferreira - ApplicationMiscellaneousCriticalDue Sep 2, 2025

Please note this application is not valid. Please note that everything needs to be certified and translated. Also, you need to submit a copy of the original documents. SOW is not valid. Please submit a SOW along with certified supporting evidence in order to support the business.

Please note this application is not valid. Please note that everything needs to be certified and translated. Also, you need to submit a copy of the original documents. SOW is not valid. Please submit a SOW along with certified supporting evidence in order to support the business.

Company Details and CGA Dynamic SealOperationsCriticalDue Sep 3, 2025

The registered domain must display the Curacao registered applicant entity's details and the CGA's dynamic seal on the homepage footer. Kindly amend and refer to the instructions on the following page for the proper display of the dynamic seal: https://portal.gamingcontrolcuracao.org/

The registered domain must display the Curacao registered applicant entity's details and the CGA's dynamic seal on the homepage footer. Kindly amend and refer to the instructions on the following page for the proper display of the dynamic seal: https://portal.gamingcontrolcuracao.org/

Site LanguageOperationsLowDue Sep 3, 2025

Ensure that all site pages/sub-domains are available in English. Kindly amend.

Ensure that all site pages/sub-domains are available in English. Kindly amend.

Hosting and Server LocationServer LocationCriticalDue Sep 3, 2025

Questions 15 and 16 of the OGLAF were not answered. Please specify how the Player Account Management platform is hosted and the location of the servers and resubmit.

Questions 15 and 16 of the OGLAF were not answered. Please specify how the Player Account Management platform is hosted and the location of the servers and resubmit.