New anti-money laundering and compliance regulations entered into force in Costa Rica on January 1st of this year. Regulation SUGEF 12-21 applies to banks, financial institutions and local financial conglomerates, and some provisions also apply to firms or individuals that qualify as “designated non-financial businesses and professions” (DNFBPs). Feel free to contact us for more information. Full text of the regulation here: https://link.btalegal.com/ai3