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Achievement - 2Share - SIMIA - Curaçao Tech Export Association
about this project

Project Values

Executed by



Create, issue and respond to surveys for audit departments


Central Bank of Curacao and Sint Maarten

Customer satisfaction


2018 – 2020


The survey tool is used by the CBCS and in 2022 we expect to connect more Central banks in the region


For different reasons, there is an increasing focus in compliance to legal and formal regulations. No business wants to face criminal charges for not adhering to the law. The main goal of Regulatory Technology is, to make sure that organizations comply to laws and regulations.

Where there are laws and regulations, there is a need for audits to assess if organizations comply to these and, if not, what the risks are.

An important task for the Central Bank of Curacao and Sint Maarten (CBCS) is, to audit the financial institutions on important areas like security, disaster recovery, liquidity status and many more. CBCS asked us to design and develop a solution with which the audit department can set up specific surveys (questionnaires) for all or a subset of the institutions.

In close collaboration with CBCS, we created a survey tool for auditing and risk assessments. The tool is based on Microsoft SharePoint, and a web portal is used for the organizations to fill in the survey. Internally, we name it ReCoRS (Regulatory Compliance and Risk Survey).

ReCoRS can be used by all kinds of audit departments (not only central banks) and enables an audit department to design and implement surveys for specific target groups. Using the risk profiles, the department can assess the risk profile of the respondent or the average risk of a sector or branch.


Compile questionnaires using the questions database

Responses using the web portal

Assess the responses

Invite organizations


Create Questions