Costa Rica's Legislative Assembly has unanimously passed an amendment to Law No. 7786, enhancing anti-money laundering (AML) regulations for virtual asset service providers (VASPs). Approved on May 25, the new legislation mandates that VASPs register with the General Superintendency of Financial Entities (Sugef) to ensure compliance with AML obligations. This move aims to bolster the country's financial security framework by increasing oversight of cryptocurrency transactions.
Costa Rica Enacts AML Law for Cryptocurrency Service Providers
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