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Costa Rica Law No. 7786 on Narcotics, Money Laundering and Terrorist Financing

Costa Rica's Law No. 7786 (as amended) lists the obliged subjects supervised by SUGEF, SUGEVAL, SUPEN and SUGESE (Articles 14 and 15) and other designated…

What Costa Rica Law No. 7786 on Narcotics, Money Laundering and Terrorist Financing requires

Costa Rica's Law No. 7786 (as amended) lists the obliged subjects supervised by SUGEF, SUGEVAL, SUPEN and SUGESE (Articles 14 and 15) and other designated non-financial businesses (Article 15 bis), requires customer identification and know-your-customer measures with nominative accounts (Article 16), registration of transactions over ten thousand US dollars (Articles 20 and 21), retention of records for five years (Article 22), and confidential and immediate reporting of suspicious transactions to the Financial Intelligence Unit (Article 25).

Pillar: Financial Crime, AML & Sanctions · Authority: Unidad de Inteligencia Financiera (UIF), Instituto Costarricense sobre Drogas (ICD) · Version: 1.0.0 · Last updated:

Primary source: https://pgrweb.go.cr/scij/Busqueda/Normativa/Normas/nrm_texto_completo.aspx?nValor1=1&nValor2=29254

SHA-256 integrity: 42376f15c5ed0a809dcd02b782a908a07278172fafb93515df062a9506c17d57

Primary Citations — 7 traced to source

  • Costa Rica Law No. 7786, Artículo 14 - Obliged financial subjects supervised by SUGEF, SUGEVAL, SUPEN and SUGESE
  • Costa Rica Law No. 7786, Artículo 15 - Additional obliged subjects

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