What is Money Laundering?

Do you know that Money Laundering is a method in which a person does different criminal operations to process and hide financial profits, earned from illicit activities? Money Laundering is also known as asset washing, or Money bleaching.

How to prevent Money Laundering?

• At the time of opening an account, or when the Bank asks you to update your file, give the correct information and fill all the given documentation.
• Report the origin and destination of your funds to the bank employee whenever he asks you.
• Keep your data updated (address, phone number and economic activity, among others).
• Do not allow third parties to use your account to conduct operations, especially if these operations are unknown to you.
• Do not allow a third party to use your identity card, to open bank accounts in your name. These accounts will only be modifiable by them afterwards.

Money Laundering has diverse consequences in the economy of the countries, since its practice brings negative effects to the sovereignty and the political and social stability.  This is reflected in the citizen insecurity, the deflection of the labor forces towards illicit activities, the increase in drug dealing, and illegal consumption of psychotropic substances.

Let’s prevent Money Laundering together!

 

For more information contact us: ServiciosBancaElectronica@bancobcr.com  
Telephone (506) 2284-6600