AML lists > Regulators > Costa Rica

Costa Rica

Regulatory framework

Introduction

Costa Rica, like other countries in its surroundings, also embraces in its regulatory framework provisions on prevention of money laundering and terrorist financing.

Among these, the fundamental standard will be the Law on narcotics, psychotropic substances, unauthorised use drugs, related activities, capital legitimisation and terrorist financing .

Financial Intelligence Unit

Costa Rica also has within its institutional structure the figure of the Financial Intelligence Unit. The Financial Intelligence Unit is dependent on the Costa Rican Institute on Drugs and is based on the prevention regulations to perform its functions in the entire territory of Costa Rica.

Links of interest:

Obligated subjects

The legal framework of Costa Rica in terms of prevention of money laundering and financing of terrorism establishes certain individuals and entities as a bound subject based on the vulnerable activity they carry out.

Among these subjects, financial institutions and banks stand out, as well as insurance companies, pawn shops, lawyers and notaries, and credit card issuers

Links of interest:

 > PEPs

Definition of PEP

In accordance with Costa Rican regulations, the PEP list of Costa Rica will be:

  • The president and vice-presidents of the Republic.
  • The ministers.
  • The deputies to the Legislative Assembly.
  • The full and alternate magistrates of the Judiciary and the Supreme Electoral Tribunal.
  • The comptroller and the deputy comptroller general of the Republic.
  • The attorney general and the deputy attorney general of the Republic.
  • The public prosecutor of the Republic, the prosecutors and the auxiliary prosecutors of the Public Ministry.
  • The executive presidents, managers, deputy managers, auditors, deputy internal auditors and heads of procurement of all Public Administration and public companies.
  • The councillors and municipal mayors.
  • The customs employees.
  • The employees who handle public tenders.
  • Public officials who safeguard, administer, oversee or collect public funds, or who establish income or revenues in favour of the State.
  • All those officials or public positions obliged to submit a sworn declaration on their financial situation to the General Comptroller’s Office of the Republic.

Links of interest:

Duration of PEPs

In accordance with Costa Rican regulations, the PEP status will be maintained for 8 years after leaving office, except in the case of Heads of State or Presidents of a nation, who will maintain this status permanently.

Included lists

PEPs
  • Web de la Presidencia de la República de Costa Ric
  • Web de la Asamblea Legislativa de la República de Costa Rica
  • Web de la Contraloría General de la República de Costa Rica
  • Web de la Defensoría de los Habitantes de la República de Costa Rica
  • Web de la Autoridad Reguladora de los Servicios Públicos
  • Web del Tribunal Supremo de elecciones de la República de Costa Rica
  • Web del Ministerio Público de Costa Rica
  • Web del Ministerio de Relaciones Exteriores y Culto de Costa Rica
  • Web del Poder Judicial de la República de Costa Rica
  • Web de la Procuraduría General de Costa Rica
  • Web del Ministerio de Gobernación, Policía y Seguridad Pública de Costa Rica
  • Web del Ministerio de Justicia y Paz de Costa Rica
  • Web del Ministerio de Hacienda de Costa Rica
  • Web del Ministerio de Agricultura y Ganadería
  • Web del Ministerio de Ambiente y Energía de Costa Rica
  • Web del Ministerio de Educación Pública de Costa Rica
  • Web del Ministerio del Trabajo y la Seguridad Social de Costa Rica
  • Web del Ministerio de Planificación y Política Económica de Costa Rica
  • Web del Ministerio de Viviendo y Asentamientos Humanos de Costa Rica
  • Ministerio de Comercio Exterior de Costa Rica

Subjects

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