FATF associated member, GAFILAT recently published its follow-up report on Costa Rica’s progress in strengthening measures to tackle money laundering and terrorist financing.

The report analyses and re-assesses Costa Rica’s progress in addressing the technical compliance deficiencies identified in its 2015 mutual evaluation report.

On Recommendation 15 regarding new technologies, Costa Rica was re-rated from Compliant to Non-Compliant, due to the omission of regulations allowing for risk identification and assessment of virtual assets.

Firms with operations in or exposure to Costa Rica should read the GAFILAT report to gain further insights into the changes, alongside the significant state-level progress that continues to be made in addressing technical deficiencies

https://www.fatf-gafi.org/en/publications/Mutualevaluations/FUR-Costa-Rica-2023.html

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