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Leaked bank files show HSBC ‘helped clients dodge taxes’

A cache of secret bank files shows that HSBC's Swiss banking arm helped wealthy customers avoid taxes and hide millions of dollars, according to a report by a network of investigative journalists released Sunday.

Costa Rica moves to free-floating currency

Costa Rica announced that it would remove the country’s nine-year-old currency band system in favor of a floating exchange against the U.S. dollar, according to a statement from the Central Bank Saturday.

3 Quepos bank employees arrested on money laundering charges

Agents from Costa Rica's Judicial Investigation Police, or OIJ, on Thursday morning arrested three employees of the BAC San José branch in Quepos, a port town next to the popular central Pacific tourist destination of Manuel Antonio, on suspicion of money laundering. A fourth suspect, believed to be the ringleader of the operation, is still at large, according to law enforcement sources.

European Union offers $3.4 billion aid package for Latin America

The European Union plans to offer Latin America 2.5 billion euros ($3.4 billion) in development aid over the next seven years to fund projects ranging from security to education.
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Costa Rica’s Monteverde Cloud Forest Joins the IUCN Green List

The Monteverde Cloud Forest Biological Reserve has been added to the IUCN Green List of Protected and Conserved Areas, becoming the first protected area...

Costa Rica Conservation Trips Canceled as GVI Enters Liquidation

A long-running international volunteer travel company that sold conservation trips to Costa Rica has shut down and canceled all current and future programs, forcing...

Costa Rica’s Puerto Caldera Modernization Moves Ahead After Appeal Rejected

Costa Rica’s long-delayed plan to modernize Puerto Caldera cleared a major hurdle this week after two appeals against the contract award were rejected, allowing...

Costa Rica Announces Route 27 Traffic Plan for Pacific Beach Return

Costa Rica will apply reversible lanes on Route 27 on Sunday, July 12, and Sunday, July 19, as thousands of drivers return to the...