Costa RicaCosta Rica is responding to criticism of its regulations over online casinos by an international organization which guards against money laundering.

After receiving criticism from an international policing group, Costa Rica is advancing legislation which will result in stricter controls over online casinos and Internet gambling sites operating from the country. Rules governing the online casino industry were tightened last year, but deemed insufficient by the Financial Action Task Force.

The nature of the new regulations is unknown, but a bill proposing stronger government oversight, and adding two percent to the existing tax,is working its way through the Costa Rican legislature.

The Financial Action Task Force is a body supported by thirty-two national governments designed to combat international money laundering and terrorism. The US and the European Commission are both members. The organization has existed since 1989, and advises nations on how to prevent money laundering.

Costa Rica will use the dded tax to offset declining government revenues and expanding operating costs. Additionally, it is expected online casinos will have identical requirements as land-based gaming venues, including such measures as licensing.

It is estimated there are 250 online gambling sites currently operating from Costa Rica.

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