Tico Times: Costa Rican Bank under investigation for $100m ML and tax evasion scandal, revealing major gaps in financial transparency and compliance

The investigation has flagged large, unexplained financial transfers between accounts connected to the bank’s Panamanian operations. These transfers, spanning from March 2023 to December 2024, involved substantial sums and lacked adequate documentation, raising concerns about money laundering and tax fraud. Panamanian authorities, in collaboration with Costa Rican regulators, have also noted potential links to tax evasion…