Banks are restarting the collections that were put on hold because of covid-19. The idea of additional massive adjustments is not being considered at the moment. Many of the grace…
costa rica banks
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Costa Rica NewsUncategorized
Over 1000 Bank Accounts Closed Due to Non Compliance in Costa Rica
by Isabella Foster Villanueva 2019/12/17Noncompliance with the General Superintendence of Financial Entities (Sugef) has been a huge issue. Financial institutions have had to close over 1,000 accounts of individuals and companies due to this…
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Costa Rica NewsUncategorized
$130 Million in Suspicious Costa Rica Bank Transactions
by Isabella Foster Villanueva 2019/10/02The 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. …
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Costa Rica NewsUncategorized
Foreign Banks to Enter Costa Rica?
by Isabella Foster Villanueva 2019/03/13The Government of Costa Rica has presented a legal reform to authorize foreign banks to open branches in the country. Foreign banks currently operate here through financial intermediaries as separate…
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Costa Rica NewsUncategorized
Breakfast Robbery at Costa Rica Bank
by Isabella Foster Villanueva 2019/01/16Guess this guard really needed his gallo pinto. ¢12 million and many cell phones were stolen by three armed men at Instacredit in Heredia. They entered while the guard was…
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Costa Rica NewsUncategorized
Alunasa, Money Laundering & Costa Rica Banks
by Isabella Foster Villanueva 2018/06/26Costa Rica News – Following an alert about Alunasa, 7 Costa Rican banks are taking action. The General Superintendency of Financial Institutions (Sugef) has required that they implement actions mitigating the…
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Costa Rica NewsUncategorized
Banking With Artificial Intelligence in Costa Rica
by Isabella Foster Villanueva 2018/05/30Costa Rica News – Ticos now have a new way to streamline banking procedures, through an artificial intelligence system called Layla.
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Costa Rica NewsUncategorized
Costa Rica Central Bank & Its Dollar Reserves
by Isabella Foster Villanueva 2017/12/19Costa Rica News – The Central Bank uses dollars to reinforce reserves.