The Costa Rican Banking Association has reported many unreliable operations. In fact, banks have detected $130 million in suspicious transactions this year alone. 75% of these transactions are from abroad.
The Congress on Prevention of Money Laundering and Financing of Terrorism is running until Wednesday. The transactions in question refer to account movement whose capital doesn’t have a consistent justification and or has a doubtful origin.
In addition to transfers, money also enters the national financial system in cash, including in foreign currencies. There has been an increase in cash operations. Over $3 billion with unreliable information was entered in the first months of the year.
These finances could come from drug trafficking, money laundering, terrorism financing or corruption, according to the Public Ministry. Suspicious operations are seen by the Financial Intelligence Unit of the Costa Rican Institute on Drugs. If it is found to be legitimizing capital, the information is presented to the Prosecutor’s Office.