Costa_Rica Costa Rica

New Documents

The Latin American Financial Action Task Force published a follow-up report on Costa Rica’s progress on improving its technical compliance with recommended anti-money laundering and counterterrorist financing measures.

The Council of Europe announced a new signatory to the Second Additional Protocol to the Convention on Cybercrime.

Enforcement Actions

0 Items Found

Important Facts

  • The U.S. State Department labels Costa Rica as a major money laundering country. Narcotics trafficking proceeds continue to represent the largest source of laundered assets in the country. Construction, real estate, and hotel industries, as well as campaign financing remain areas of concern for money laundering. Significant tourist and migrant flows make Costa Rica airports and border crossings sites for bulk cash smuggling. In addition, online gaming and sportsbook enterprises remain a concern. Costa Rica has customer due diligence and suspicious transaction reporting requirements, and the country's fiscal fraud law provides for disclosure of beneficial owners. As of the publication of the State Department's report, Costa Rica's Special Prosecutor’s Office for Money Laundering had 130 open money laundering cases. There have also been four convictions for money laundering in the country since September 2019.
-Source: 2021 International Narcotics Control Strategy Report (INCSR)


FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 17 High : 0
Largely Compliant : 20 Substantial : 1
Partially Compliant : 2 Moderate : 7
Non-Compliant : 1 Low : 3

Costa Rica's technical compliance was re-rated in a Feb. 2, 2023 follow-up report


Rank : 37/110
Score : 4.74/10


Rank : 42/179
Score : 57/100

Tax Justice Network i

Rank : 83/133
Score : 62/100