The agency said that Costa Rica is a very highly developed financial system and the limited scope of the protection measures in the banking sector make the country an attractive location for the conduct of money laundering activities. "DEA reporting indicates that Colombian drug traffickers have couriers for millions of dollars in drug proceeds to Costa Rica and the proceeds deposited inTo bring banks ", said the analysis." The money is wire transferred to bank accounts in the United States. If this is achieved, members of the Colombian drug traffickers in Colombia, ATM and debit cards, the money from their U.S. "Large transfers do not require the authorities in Costa Rica in the same way that large cash transfers to said the DEA, adding that this gap allows money launderers with the video poker for winners software Costa Rican system use reported. The DEA also said that drug traffickers were laundering drug proceeds through the purchase of real estate in Costa Rica, in addition to the movement of funds through offshore trusts and Costa Rica bank accounts. And because there are no mandatory reporting of traditional casinos have money launderers a simple time, that the laundered money casino profits.
agency said that at least 50 online casinos and sports betting around 60, video poker for winners software which in Costa Rica and that a . online casino can be set-up required for approximately 10,000, far less than in other countries, drug proceeds by investing in construction, hotels, restaurants, shopping and product assembly to be washed, the DEA said, adding: "In Indeed, some of the largest shopping centers in Costa Rica are not built through the use of bank loans, but through direct investment.
Costa Rican law does not currently have the resources to discover the origin of these investments. "The anti-drug authority in Costa Rica blamed for a lack of international cooperation, a lack of resources, and lack of anti-money laundering legislation specifically for educators justice. The agency said that the Instituto Costarricense Sobre Drogas and the Financial Intelligence Unit has increased 1-5 people, but that's not enough for any suspicious financial activities of the law means it must be investigated.
"money laundering laws in Costa Rica are altered to more effectively combat the concealment and money laundering through video poker for winners software the financial sector of Costa rica. Changes in banking regulation needs to be done to enforce existing anti-money laundering laws laws.
"The anti-money laundering legislation in force are now strengthened to the addition of a conspiracy law.
