Costa Rica News – In the event that you have a bank account in Costa Rica, you’ve got up to this Sunday, December 22nd in order to adhere to the “Know your Customer” requirements to prevent having your accounts suspended or even shut down.
Sunday is the deadline provided from Costa Rican Banking Association (ABC) to abide by “Know Your Customer” requirements. The process started on September 16th.
In an effort to conform to the laws and regulations, account owners will need to pay a visit to his or her financial institution and submit a “Know Your Customer” form.
Individuals having accounts in their own personal name should also supply identification documentation, and financial records including payroll slips, earnings certifications, evidence of salary or earnings, listing of his or her business employers, along with other data.
All those maintaining accounts in the name associated with a business also need to perform the Know Your Customer form, in addition to supplying financial records as well as certifications which includes bookkeeping documents, audited financial reports for the past fiscal cycle, and further data.
People who fail to conform face the possibilty of having their accounts suspended or perhaps shut down.