News & Opinion

Government-City Project, Costa Rica

The development of public infrastructure projects in Costa Rica has lagged in recent years. However, there are several important public infrastructure projects that are foreseen to be tendered in the short and medium term.

Impact of the Anti-Money Laundering Act (AMLA) to Domestic Legislation

The 2020 Anti-Money Laundering Act (AMLA), in Section 6308, titled "Obtaining Foreign Bank Records from Correspondent Account Banks," expands the authority of the United States. Treasury Department and the U.S. Department of Justice to seek any record relating to a correspondent account or any account at the foreign bank including records maintained outside the United States.

New rules in the Costa Rican public sector administrative procedures

On September 1st, 2022, Executive Decree No. 43665-MP-MEIC was published in the official newspaper La Gaceta, through which the exchange of information between public institutions in Costa Rica was approved, accelerating the procedures of those administered in said institutions and promoting the Principle of Interinstitutional Coordination.

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