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View Full Version : AML pressure on Costa Rica banks



NikSam
09-26-2013, 02:30 PM
One popular offshore destination becomes less offshore, in fall out of Liberty Reserve scandal:





The Asociación Bancaria Costarricense (ABC) – Costa Rican banking association – is asking customers of public and private banks to update as soon possible.
The measure is in prevention of bank fraud, money laundering and “terrorist financing”.




The information banks are required to have current is personal data like phone numbers, home address, occupation of the account holder, economic activity and source of income or funds, among other items.




Foreigners in Costa Rica who do not have a job, for instance, will be required to provide a financial statement by a Certified Public Accountant (CPA).


- more: Costa Rica Bank Customers Required To Update Their Information - Q Costa Rica - Q Costa Rica (http://qcostarica.com/edition/costa-rica-bank-customers-required-to-update-their-information/)