Costa Rica continues to strengthen measures against money laundering and terrorist financing

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Overall, Costa Rica continues to make significant progress in addressing the technical compliance issues identified in its MER.
However, there are still minor deficiencies in the implementation of the requirements in some Recommendations and these have been re-rated as follows:

Recommendation 17 from Partially Compliant to Compliant.
Recommendation 22 from Partially Compliant to Largely Compliant
Recommendation 28 from Non-Compliant to Largely Compliant

This report concludes the enhanced follow-up of Costa Rica for the Fourth Round of Mutual Evaluations, in accordance with the approved procedures and in line with GAFILAT’s roadmap for the preparation of the Fifth Round of Mutual Evaluations.

All subsequent progress and advances made by the country to improve technical compliance with the Recommendations that have been rated PC or NC will be analysed in the framework of the Fifth Round Mutual Evaluation.

Costa Rica: Follow-Up Report 2024

Filename: GAFILAT-Costa-Rica-2024.pdf
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Earlier reports

14 Feb 2023

Costa Rica's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses the progress Costa Rica made in addressing the technical compliance deficiencies identified in its mutual evaluation report.
9 Nov 2018

Costa Rica's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses the progress made by Costa Rica in addressing the technical compliance deficiencies identified in its MER.
31 Oct 2017

Technical Analysis of FATF Recommendations: Rerating of Costa Rica - 2017 This report analyses Costa Rica's progress in addressing the technical compliance deficiencies identified in the GAFILAT Mutual Evaluation Report of 2015 and its 2016 follow-up report.
3 Oct 2016

First follow-up report to Costa Rica’s assessment of anti-money laundering and counter-terrorist financing measures Costa-Rica's first follow-up since GAFILAT's assessment of the effectiveness of their measures to tackle money laundering and terrorist financing looks at the action the country has taken to address the weaknessess identified in the assessment.
17 Dec 2015

Costa Rica's measures to combat money laundering and terrorist financing This GAFILAT report provides a summary of the anti-money laundering (AML) / counter-terrorist financing (CFT) measures in place in Costa Rica. The report provides recommendations on how Costa Rica's AML/CFT system could be strengthened. The findings of this assessment have also been reviewed and endorsed by the FATF.

Related material

GAFILAT

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

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

Read more Consolidated assessment ratings