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Costa Rican authorities are watchdogs on laundering

Friday, April 26, 2013


Costa Rican authorities say that they have been monitoring the financial accounts of various individuals and businesses for the last several years, on suspicion of money laundering.

Sources from the Financial Intelligence Unit of the Costa Rican anti-Drug Institute said there is a list of names of several businessmen in the country whose financial accounts authorities have been monitoring since as early as 2000, the same year that Costa Rica instituted regulations that require banks to file Suspicious Transaction Reports when possible money laundering is suspected.

However, authorities said that none of the individuals on the list have so far been linked to a crime.

Source: Inside Costa Rica