More Control on Money Laundering

Costa Rica and Colombia agreed to increase their efforts in controlling money laundering.

Thursday, September 17, 2009

The agreement was struck in the visit of Costa Rican Security Minister, Janina del Vecchio, to Colombia.

General Oscar Naranjo, director of the Colombian Police, argued that the alliance between both countries "'is based on the common goal of becoming free from crime, drug trafficking and terrorism, as well as the special trust between Colombian president Uribe and his Costa Rican counterpart Oscar Arias".

More on this topic

$4.2 billion Laundered in Costa Rica Per Year

March 2016

The figure is an estimate made by the Intelligence Directorate in Costa Rica released by the US State Department, along with information that indicates a rise in criminal organizations based in the country, and little capacity to combat them.

Money laundering is a criminal activity that handles amounts that are difficult to measure.

Costa Rica: 25 Days to Avoid the "Gray List"

June 2016

Entrepreneurs who do business overseas could see their commercial operations affected if the country is included in the list of non cooperative nations in the fight against money laundering and terrorism financing.

EDITORIAL

The demonstrated difficulty of the Solis administration in governing, understood as the management of conflicts between different sectors of the population, makes it difficult to be optimistic and believe that it eill be able to approve, before July 15th, the laws against money laundering and terrorism financing, which would prevent the country from being included in the list of non-cooperative countries on these issues.

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