Costa Rica's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Costa Rica

Topic

Mutual Evaluations

Costa Rica: Follow-Up Report 2023

Filename: GAFILAT-Costa-Rica-Follow-Up-Report-2023.pdf
Size: 854 KB
Format: application/pdf

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Overall, Costa Rica continues to make significant progress in addressing the technical compliance deficiencies identified in its mutual evaluation. Nevertheless, the country has presented deficiencies related to the implementation of requirements arising from the amendments to the Recommendations and the Evaluation Methodology, and therefore has been re-rated as follows:

Recommendation15 is re-rated from Compliant to Non-Compliant

Cost Rica will continue in the enhanced follow-up process and will continue to report to GAFILAT on the progress made to strengthen its implementation of AML/CFT measures.

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Financial Action Task Force of Latin America (GAFILAT)

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system