#CasinoSecrets

Investigating the Offshore Online Gambling Industry

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Caravan Media B.V.

Gaming OperatorRegistered February 15, 2024
1
Applications
2
Domains
7
Related Entities
0
Locations

OGL/2024/674/0714

Granted
Submitted: November 13, 2024End Date: December 27, 2024

Customer

Contact
Gouloud Hammoud
Email
caravanmedia@g-force-corporate-services.com
Company
Caravan Media B.V.

Review Timeline

Verification
JMJosenne Mambre (GCB User 2)
Due Diligence
AAAnton Axiaq (AAX)
Due Diligence
PWPhilippe Warzee (PW)
Due Diligence
AAAnton Axiaq (AAX)
Due Diligence
LCLuca Camilleri (LC)
Suitability
HSHilary Stewart Jones (HSJ)
Suitability
CHCeline Houareau (CLHR)
Approval
CPCedric Pietersz (Managing Director GCB)
Conditionally Issued
CPCedric Pietersz (Managing Director GCB)
Conditionally Issued
GCGerald Chocolaad (CGA User 25)
Fully Issued
GCGerald Chocolaad (CGA User 25)

Compliance Checklists

Application Verification ReviewCritical3 items
Question 19.QuestionCriticalDue Jul 31, 2024

Question 19 is left without a response.

Kindly provide Question 19 of a response and resubmit the form.

Question 1.QuestionLowDue Jul 31, 2024

The brand name field is not completed.

Kindly fill the response and resubmit the form.

Ms. Gouloud HammoudBirth CertificateMinorDue Jul 31, 2024

The enclosed birth certificate is outdated.

Kindly resubmit a recent, certified copy, issued within 6 months of the application date.

Application Due Diligence ReviewCritical15 items
Share Ledger CertificationShare LedgerMediumDue Nov 11, 2025

The share ledger of the applicant company is uncertified. Resubmit certified

The share ledger of the applicant company is uncertified. Resubmit certified

11/04/2025: Applicant`s reply: Has been already uploaded and approved. 11/04/2025: Latest SL pending approval.
Statutory documents - Ability Holding LtdArticles of IncorporationCriticalDue Nov 12, 2025

Submit a certified copy of the Articles of Incorporation and the director's register of the above captioned company.

Submit a certified copy of the Articles of Incorporation and the director's register of the above captioned company.

11/04/2025: Applicant`s reply: The certified Articles of Incorporation and the director’s list for Ability Holding Ltd, both have been uploaded on 24.01.2025. 11/04/2025: Documents uploaded for review. RCL: This CL is closed as documents have been submitted. However director of Ability Holding Ltd (B. Althea Gege) is to submit PHDF and enclosures (Or PHDSF if applicable) 11/15/2025: New CL created requesting PHDF and PHDF enclosures for the director of Ability Holding Ltd.
Director's RegisterDirector's ListCriticalDue Nov 11, 2025

Submit a recent certified copy of the director's register of the applicant company

Submit a recent certified copy of the director's register of the applicant company

11/04/2025: Applicant`s reply: The director’s register of Ability Holding Ltd has been uploaded on 05/11/2024. 11/04/2025: Certified DR submitted by the applicant on 24/01/2025 for review.
Compliance OfficerMiscellaneousCriticalDue Nov 15, 2025

Appoint a compliance officer, fluent in AML and submit their PHSF + Enclosures (No SOW required)

<p>Appoint a compliance officer, fluent in AML and submit their PHSF + Enclosures (No SOW required)</p><p>11/04/2025: 11/04/2025: Dear applicant, please submit the following PHDF enclosures related to the Compliance Officer: curriculum vitae and engagement letter. The latest submission date is November 15, 2025. Any submission received after November 15, 2025, will not be reviewed.</p><p>11/04/2025: Please be advised that the curriculum vitae is on file and currently under review. Kindly ensure that the engagement letter is submitted on or before November 15, 2025.</p>

11/04/2025: Applicant's reply: The PHD form of the compliance officer and the enclosures have been uploaded on 13.11.2024. 11/04/2025: PHDF submitted for review. 11/04/2025: 11/04/2025: Dear applicant, please submit the following PHDF enclosures related to the Compliance Officer: curriculum vitae and engagement letter. The latest submission date is November 15, 2025. Any submission received after November 15, 2025, will not be reviewed. 11/04/2025: Applicant's reply: The CV was submitted on 28.11.2024 under the Extra Documentation section and re-submitted on 04.11.2025 under the Letter of engagement section. The engagement letter will follow soon. 11/04/2025: Please be advised that the curriculum vitae is on file and currently under review. Kindly ensure that the engagement letter is submitted on or before November 15, 2025. 11/15/2025: Applicant's reply: The CV was submitted on 28.11.2024 under the Extra Documentation section and re-submitted on 04.11.2025 under the Letter of engagement section. The engagement letter will follow soon 11/15/2025: Engagement letter and cv has been submitted by the applicant.
Financial StatementsFinancial AuditCriticalDue Nov 11, 2025

Submit FS of the applicant company for year ending 2023

Submit FS of the applicant company for year ending 2023

11/04/2025: Applicant's reply: The signed FS 2023 has been uploaded on 13.11.2024. 11/04/2025: Document uploaded for review.
Business PlanBusiness PlanCriticalDue Nov 12, 2025

Resubmit the business plan including all the required information and criteria listed in the guidelines on the portal, including a management structure, detailing the business risk rationale, allocated responsibilities, controls, provision of information about payment gateways, contractual and financial model with key suppliers, as well as a 3 year detailed financial forecast. Kindly review the guidelines on the portal, revise the business plan and resubmit.

<p>Resubmit the business plan including all the required information and criteria listed in the guidelines on the portal, including a management structure, detailing the business risk rationale, allocated responsibilities, controls, provision of information about payment gateways, contractual and financial model with key suppliers, as well as a 3 year detailed financial forecast. Kindly review the guidelines on the portal, revise the business plan and resubmit.</p><p>The resubmitted Business Plan is still missing a 3-year detailed financial forecast. Kindly revise and resubmit.</p>

11/04/2025: The Business plan v1.1 has been re-submitted on 11.12.2024 including the 3 year detailled financial forecast. 11/04/2025: BP uploaded for review. RCL: detailed forecasts still missing. May be requested as a separate annex. Saving the forecasts, the business plan can be approved. CGA to assess , at this stage, the criticality'of these forecasts. 11/15/2025: Business plan checklist is considered closed. New checklist created requesting the detailed 3-year forecast.
QPA/2024/01406 - Gouloud Hammoud - PHDFMiscellaneousCriticalDue Nov 11, 2025

The PHDF must be signed and verified digitally. Please resubmit.

The PHDF must be signed and verified digitally. Please resubmit.

11/04/2025: Applicant`s reply: The PHDform digitally signed by Gouloud Hammoud has been uploaded on 11.12.2024. 11/04/2025: PHDF uploaded for review.
QPA/2024/03067 - Curliegh Cochrane - Reference LetterMiscellaneousCriticalDue Nov 11, 2025

The reference letter is not valid. Please submit a reference letter from a financial institution dated within the last six months confirming that the person is a valid customer.

The reference letter is not valid. Please submit a reference letter from a financial institution dated within the last six months confirming that the person is a valid customer.

11/04/2025: Applicant's reply: The recent certified reference letter of Curleigh Cochrane has been uploaded on 28.11.2024. By mistake the CV was uploaded in the section of the reference letter. Our apologies for this inconvenience. We have uplouded the CV in the section of Extra Documentation today, 28.11.2024. 11/04/2025: Reference letter submitted for review.
QPA/2024/03067 - Curliegh Cochrane - PHDFMiscellaneousCriticalDue Nov 11, 2025

The PHDF must be signed and verified digitally. Please resubmit.

The PHDF must be signed and verified digitally. Please resubmit.

11/04/2025: The PHDform digitally signed by Curliegh Cochrane has been uploaded on 11.12.2024. 11/04/2025: PHDF resubmitted for review.
Source of FundsSource of FundsCriticalDue Nov 28, 2025

The updated Business Plan states that funding shall be provided through an intercompany loan agreement. Kindly provide a certified copy of the loan agreement.

<p>The updated Business Plan states that funding shall be provided through an intercompany loan agreement. Kindly provide a certified copy of the loan agreement.</p><p>11/04/2025: Please be reminded that the updated Business Plan indicates that funding will be provided through an intercompany loan agreement. Kindly submit a duly certified copy of the loan agreement. The latest submission date is November 15, 2025.</p><p>11/26/2025: Dear applicant, we have taken note that you have not acted upon our previous request. The loan agreement submitted remains <span data-start="166" data-end="183" style="">not certified</span>. Kindly resubmit a duly certified copy. In addition, please submit the most recent financial statements for Ability Holdings Ltd as the lending party, along with a <span data-start="348" data-end="381" style="">certified Director’s Register</span> of Ability Holdings Ltd. Please upload the required documents in the designated section. Please be advised that the submission deadline is November 28, 2025, before end of day.</p>

11/04/2025: Please be reminded that the updated Business Plan indicates that funding will be provided through an intercompany loan agreement. Kindly submit a duly certified copy of the loan agreement. The latest submission date is November 15, 2025. 11/15/2025: Applicant's reply: Dear CGA team The intercompany loan document has been submitted 11.13.25 The certification of this agreement is being arranged for and will be available to submit by Monday/Tuesday 17/18 Nov. RCL: Loan agreement still not certified. Applicant to also submit most recent FS for Ability Holdings Ltd as the lending party, as well as a certified director's register of Ability Holdings Ltd Thank you for your consideration.
Company DetailsMiscellaneousCriticalDue Nov 21, 2025

The Company name and registered address are not displayed in the site footer, nor in the T&Cs. The company details must be visible in both the homepage footer and the T&Cs. Kindly amend.

<p>The Company name and registered address are not displayed in the site footer, nor in the T&Cs. The company details must be visible in both the homepage footer and the T&Cs. Kindly amend.</p><p>11/04/2025: Please be reminded to upload the evidence as previously indicated. Kindly ensure submission on or before November 15, 2025.</p>

11/04/2025: Applicant's reply: The applicant confirmed that this is duly noted. This will be completed and evidence will be provided. 11/04/2025: Please be reminded to upload the evidence as previously indicated. Kindly ensure submission on or before November 15, 2025. 17/11/2025 tests show domains are licensed in IOM. Check with local service provider if license is active and if so in which countries please. 11/15/2025: Applicant's reply: 13 Nov 2025 The operator provided snippet proof that the information is displayed in the footer. 2 proofs are submitted via the extra-documentation section Nov 14.25. Please advise. Thank you
Domain OwnershipOperationsCriticalDue Nov 12, 2025

The site footer and T&Cs refer to an Isle of Man company, seemingly licensed by the GSC. Please clarify whether the applicant company will be operating the domain.

The site footer and T&Cs refer to an Isle of Man company, seemingly licensed by the GSC. Please clarify whether the applicant company will be operating the domain.

11/04/2025: Applicant's reply: The Operator informed that it is dual-licensed. Operator will provide its services to permitted jurisdictions to its respected Regulatory body.
Terms and ConditionsOperationsCriticalDue Nov 12, 2025

The T&Cs state that the document is governed by the laws of Isle of Man. The T&Cs must be governed by the laws of Curacao. Kindly amend.

The T&Cs state that the document is governed by the laws of Isle of Man. The T&Cs must be governed by the laws of Curacao. Kindly amend.

11/04/2025: Applicant`s reply: The applicant comfirmed that it is duly noted. This will be noted in the T&C’s and evidence of the modifications will be provided. 11/04/2025: Evidence has been uploaded under the tab Extra Documentation.
Prohibited JurisdictionsQuestionCriticalDue Nov 12, 2025

The T&Cs do not provide a list of prohibited/restricted territories. Players residing in Curacao, the Netherlands, US and sanctioned/blacklisted countries should not be allowed to register.

The T&Cs do not provide a list of prohibited/restricted territories. Players residing in Curacao, the Netherlands, US and sanctioned/blacklisted countries should not be allowed to register.

11/04/2025: Applicant's reply: The applicant confirmed that this is duly noted,. This will be completed and evidence will be provided. 11/04/2025: Evidence uploaded under the tab Extra Documentation for review. 3/12 RCL approved
Detailed 3-year Financial ForecastFinancial AuditCriticalDue Nov 28, 2025

Please submit a detailed 3-year Financial Forecast.

<p>Please submit a detailed 3-year Financial Forecast.</p><p>11/26/2025: Dear applicant, we have taken note that you have not acted upon our previous request. Please submit a detailed three-year financial forecast and upload it in the designated section. The deadline for submission is <span data-start="271" data-end="311" style="">November 28, 2025, before end of day</span>.</p>