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Costa Rica close to new legislation on money-laundering

Friday, April 28, 2017

Costa Rican lawyers, notaries, accountants, real estate agents, casinos, and non-profit organizations and others will be required to report suspicious transactions made by their clients that may be used as a tool for money laundering or for financing terrorism.

The Bill approved in first reading in the Legislative Assembly last Thursday establishes the obligations on professionals engaged in non-financial activities, such as lawyers, accountants, notaries and real estate agents.

The bill needs to be approved in second reading before it can be enacted.

Source: Q Costa Rica