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COSTA RICA |
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Costa Rica
To Sign Information Exchange Deal With OECD
Costa Rica said Sunday it will sign with the
Organization for Economic Cooperation and
Development (OECD) an information exchange
agreement aimed at avoiding possible
sanctions by the grouping.
Costa Rica's Treasure Minister Jenny
Phillips said that the government will seek
to amend existing laws to permit
investigations of bank accounts in the
country, as required by the OECD.
Under the country's law, probes of bank
account data require the authorization of a
judge.
According to Phillips, the government will
send a law amendment bill to the Legislative
Assembly before Dec. 15, as a way of showing
its willingness to cooperate with the OECD.
The OECD will also sign similar agreements
with 12 other countries, including Mexico,
France, Germany, Switzerland, Chile,
Colombia, Canada, Brazil and Argentina,
Phillips said |
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