Costa Rica Coffee Guide

Faced with the biggest money laundering case in history, Costa Rica denies being a tax haven

May 28, 2013

Costa Rica on Monday appeared on a blacklist of 17 tax havens released by the French government, the daily newspaper Le Monde reported.

Coincidentally, the report was published just before the U.S. government unsealed a three-count indictment against naturalized Costa Ricans for operating a $6 billion alleged money laundering business out of the southwestern San José suburbs of Costa Rica.

Costa Rica’s Finance Ministry reacted to the Le Monde story by issuing a press release emphatically stating the country “is not part of the [French government’s] blacklist.” The Costa Rican government pointed out that France’s report cites a statement by Laurente Estrade, Chief Mission for Central Economic Services of France, who said, “As of Jan. 1, 2012, Costa Rica was removed from the list of non-cooperative countries published by the government of France regarding fiscal transparency in countries and territories.” 

Last year, Costa Rica’s finance minister at the time, Fernando Herrero, announced the country was removed from France’s blacklist, quoting a note signed by French Ambassador to Costa Rica Fabrice Delloye, saying, “Costa Rica no longer appears on the French list of uncooperative states and territories on tax matters.”

The listing would mean Costa Rica is excluded as a candidate for aid from the French Development Agency.

The list published by Le Monde includes Botswana, Brunei, Costa Rica, Dominica, United Arab Emirates, Philippines, Guatemala, Liberia, Marshall Islands, Montserrat, Nauru, Niue, Panama, Trinidad and Tobago, and Vanuatu.

French Minister of Sustainable Development Pascal Canfin said that the composition of the list is the result of a report by the Finance Ministry last year, related to the standards set by the Organization for Economic Cooperation and Development (OECD).

This week, Costa Rica’s Foreign Trade Minister Anabel González is scheduled to submit Costa Rica’s application to join the OECD.

You may be interested

Costa Rica coronavirus updates for July 12, 2020
Costa Rica
21321 views
Costa Rica
21321 views

Costa Rica coronavirus updates for July 12, 2020

Alejandro Zúñiga - July 12, 2020

Costa Rica confirmed 365 new cases of the coronavirus over the past day, totaling 7,596 cumulative known cases, the Health…

Slothy Sunday: Osa, a true ‘Oso Perezoso’
Sloth Sundays
1159 views
Sloth Sundays
1159 views

Slothy Sunday: Osa, a true ‘Oso Perezoso’

Denise Gillen - July 12, 2020

Looks can be deceiving, as those of us who work with sloths can tell you. This is especially true with…

Hotel reservation won’t work as exception to driving restrictions this week [Updated]
Costa Rica
4797 views
Costa Rica
4797 views

Hotel reservation won’t work as exception to driving restrictions this week [Updated]

Alejandro Zúñiga - July 11, 2020

Update: After the Saturday afternoon press conference, the Costa Rican government has apparently changed its mind on this subject. According to…