Central America
Forum on money laundering and financial crimes to be held in Costa Rica
February 7th |
Costa Rica will host the World Compliance Forum in early March, which will address the most innovative tools against financial crime, organizers announced today.
The event, organized by the Foundation for the Study of Money Laundering (Felade), in alliance with the University for Peace, will be held on March 2 and 3, in person at the Costa Rica Marriott Hotel, but will also have a virtual space.
Felade and the University for Peace announced that 350 compliance officers and specialists from Latin America have already confirmed their attendance, while they added that the broad agenda of conferences and panels will be in charge of more than 20 outstanding specialists from Mexico, Peru, Colombia, Panama, Chile and Costa Rica.
According to the organizers, the Forum, whose theme will be The Age of Digital Compliance, is a unique window on the latest legislative developments and the most innovative tools to protect entities from money laundering, fraud and financial crime.
They also said that participants will address topics such as metaverse, cryptoassets, artificial intelligence for fraud prediction and detection and digital threats and vulnerabilities.
The president of Felade, José Quesada, said that the entry into the digital world has placed us in front of new threats and therefore, he said, it is very important that we begin to visualize the real risks that exist at the level of new digital platforms.
Beyond the clear knowledge we have of crimes on the physical level, we need to better understand where crimes are migrating to in the virtual part and that is why this Forum is focused on current issues such as cryptocurrencies and will analyze successful cases in the financial industry and the prevention of money laundering, Quesada said.
For his part, the rector of the University for Peace, Francisco Rojas, said that organized crime and its activities, such as money laundering, are the greatest threats to democracy in Latin America.
For this reason, the event represents an opportunity to debate these issues with experts and offer new perspectives on the fight against organized crime for professionals and decision makers in the region. The organizers said that among the most relevant conferences of the Forum are The use of artificial intelligence for fraud prediction and detection, Web3 and the metaverse and Cryptocurrencies and their tax treatment.
In addition, they added, there will be panels on illicit financial flows, tax transparency, the outlook for the legality of cryptoassets, and regulatory prospects for 2023.
Central America
El Salvador’s $9.663 billion budget for 2025 focuses on key sectors with no new debt issuance
The Finance and Special Budget Committee of the Legislative Assembly issued a favorable opinion today for the bill containing the 2025 General State Budget, which amounts to $9.663 billion. For the first time, this budget does not involve issuing debt for current expenditure.
The opinion was approved after hearing from officials from various government departments, who explained the allocation of public resources as well as what has been executed in 2024.
The priority areas will continue to be education, health, security, and defense, as they will receive 37% of the total budget, amounting to $3.609 billion. Education will receive $1.535 billion for projects under the “Crecer Juntos” (Grow Together) Law, the “Crecer y Aprender Juntos” (Grow and Learn Together) program, the “Mi Nueva Escuela” (My New School) program, the Digital Gap Reduction initiative, Quality and Coverage Improvement for the “Nacer, Crecer y Aprender” (Be Born, Grow and Learn) program, among others.
Health will receive $1.170 billion to strengthen the “Creciendo Saludables Juntos” (Growing Healthy Together) program and Integrated Health, improve infrastructure and equipment for hospitals and health centers, and other areas. Meanwhile, security and defense will receive $903.4 million.
An allocation of $1.700 billion will go to the Annual Public Investment Program.
Central America
Costa Rica takes step toward full membership in Pacific Alliance to Stimulate Trade and Jobs
The Government of Costa Rica expressed satisfaction after being accepted as a candidate to join the Pacific Alliance, a bloc in which the Central American country hopes to boost its economy and promote exports.
“We are convinced that with eventual membership in this trade bloc, we will promote the dynamization of our economy and the generation of jobs,” said Costa Rican Minister of Foreign Trade, Manuel Tovar, in a statement. The official emphasized that joining the Pacific Alliance would lead to increased and facilitated intra-regional trade and investment, while also allowing Costa Rica to project itself to the world as a bloc for the promotion of exports, investment, and the strengthening of regional value chains.
The Council of Ministers of the bloc, meeting in Santiago, Chile, approved Costa Rica’s candidacy for full membership, although a special protocol must still be developed in 2025 to finalize the Central American country’s accession.
The Costa Rican government explained that with the guidance of a roadmap created by the working group responsible for the matter, it will follow a process of exchange with the Pacific Alliance to agree on the Protocol in the coming year.
Central America
Honduras Seizes Over 26 Tons of Cocaine in 2024, Marking Major Drug-Fighting Achievements
Honduran authorities have seized more than 26 tons of cocaine so far in 2024, reported Friday the Secretary of Security, Gustavo Sánchez.
During a promotion ceremony for National Police officers in the city of La Paz, in western Honduras, Sánchez highlighted “the progress in the fight against organized crime in Honduras,” which includes “the seizure of more than 26 tons of cocaine, the destruction of over 11 million coca bushes, and the removal of more than 15,000 firearms from the streets.”
He added that these achievements have been reached with the support of the Armed Forces.
The police ceremony was led by Honduran President Xiomara Castro, who emphasized that during her administration, which began on January 27, 2022, “the National Police and Armed Forces have dealt significant blows to the drug state inherited from the previous regime, seizing the largest amount of drugs in recent years and destroying thousands of hectares of drug plantations and laboratories.”
Castro also stated that by the end of her term on January 27, 2026, “the police force will meet the United Nations’ recommended standards of 300 police officers for every 100,000 inhabitants.”
The Secretary of Security mentioned that with the new recruits joining the National Police, the total force has risen to 21,500, 25% of whom are women.
According to Sánchez, 2024 has seen the lowest rate of criminal violence in the last 20 years, although the perception from various sectors differs from official figures.
Human rights organizations report that the country experiences between ten and twelve homicides daily, despite a partial and temporary state of emergency declared in December 2022.
-
International5 days ago
Dismembered bodies of five found in Guanajuato pickup truck
-
Central America5 days ago
Massive fire destroys 100 shops in Honduras capital market
-
Central America5 days ago
El Salvador intensifies monitoring of Conchagua seismic activity
-
International3 days ago
France will send a diplomatic delegation to Syria after 12 years without official representation
-
Central America5 days ago
El Salvador anticipates 125,000 international tourists during holiday season
-
Central America2 days ago
El Salvador’s $9.663 billion budget for 2025 focuses on key sectors with no new debt issuance
-
Central America5 days ago
President Bukele expresses condolences over tragic Los Chorros collapse
-
Central America4 days ago
Honduras Seizes Over 26 Tons of Cocaine in 2024, Marking Major Drug-Fighting Achievements
-
Central America4 days ago
Costa Rica takes step toward full membership in Pacific Alliance to Stimulate Trade and Jobs
-
International2 days ago
Chrystia Freeland resigns as Canada’s deputy PM over dispute with Trudeau on U.S. Tariff Threats
-
International4 days ago
Gustavo Petro visits the Galápagos Islands for bilateral talks with Ecuador’s Daniel Noboa
-
International2 days ago
At least 12 injured in shooting at abundant life christian school in Wisconsin
-
International2 days ago
Venezuela announces 179 new releases in post-election violence cases
-
International2 days ago
Trinidad and Tobago Education Minister Lisa Morris-Julian dies in house fire with her children
-
International2 days ago
El Salvador’s bitcoin reserves soar in value as cryptocurrency’s bullish surge continues
-
International2 days ago
Milan’s Via MonteNapoleone overtakes Fifth Avenue as world’s most expensive retail destination
-
International3 days ago
María Corina Machado says that Nicolás Maduro is “cornered” inside and outside Venezuela
-
International2 days ago
Nearly 40 dead in Istanbul after consuming contaminated alcohol in six weeks
-
International3 days ago
Netanyahu: “Israel’s policy in Syria will depend on the emerging reality”
-
International4 days ago
Venezuelan opposition in Argentine embassy urges Brazil to expedite safe passage
-
International4 days ago
Mayor Brandon Johnson Vows to Protect Chicagoans from ICE Actions
-
International4 days ago
Ecuador police intercept major drug shipment destined for Europe
-
International16 hours ago
Homemade landmine explosion in Michoacán kills two soldiers, injures five
-
International16 hours ago
Colombian nationals arrested for human trafficking and disappearance of migrant boat
-
International3 days ago
The new Syrian authorities plan to end compulsory military service
-
International3 days ago
Lula asks for severe sanction if the guilt of general arrested for coup is proven
-
International3 days ago
The Constitution of Venezuela, a quarter of a century later
-
International16 hours ago
Austrian man arrested in Croatia with deceased woman as passenger in his car
-
International16 hours ago
Ecuador announces debt swap of $1.527 billion to protect Amazon rainforest