Central America
Forum on money laundering and financial crimes to be held in Costa Rica
February 7th |
Costa Rica will host the World Compliance Forum in early March, which will address the most innovative tools against financial crime, organizers announced today.
The event, organized by the Foundation for the Study of Money Laundering (Felade), in alliance with the University for Peace, will be held on March 2 and 3, in person at the Costa Rica Marriott Hotel, but will also have a virtual space.
Felade and the University for Peace announced that 350 compliance officers and specialists from Latin America have already confirmed their attendance, while they added that the broad agenda of conferences and panels will be in charge of more than 20 outstanding specialists from Mexico, Peru, Colombia, Panama, Chile and Costa Rica.
According to the organizers, the Forum, whose theme will be The Age of Digital Compliance, is a unique window on the latest legislative developments and the most innovative tools to protect entities from money laundering, fraud and financial crime.
They also said that participants will address topics such as metaverse, cryptoassets, artificial intelligence for fraud prediction and detection and digital threats and vulnerabilities.
The president of Felade, José Quesada, said that the entry into the digital world has placed us in front of new threats and therefore, he said, it is very important that we begin to visualize the real risks that exist at the level of new digital platforms.
Beyond the clear knowledge we have of crimes on the physical level, we need to better understand where crimes are migrating to in the virtual part and that is why this Forum is focused on current issues such as cryptocurrencies and will analyze successful cases in the financial industry and the prevention of money laundering, Quesada said.
For his part, the rector of the University for Peace, Francisco Rojas, said that organized crime and its activities, such as money laundering, are the greatest threats to democracy in Latin America.
For this reason, the event represents an opportunity to debate these issues with experts and offer new perspectives on the fight against organized crime for professionals and decision makers in the region. The organizers said that among the most relevant conferences of the Forum are The use of artificial intelligence for fraud prediction and detection, Web3 and the metaverse and Cryptocurrencies and their tax treatment.
In addition, they added, there will be panels on illicit financial flows, tax transparency, the outlook for the legality of cryptoassets, and regulatory prospects for 2023.
Central America
Arrests and clashes in Tegucigalpa as vote count continues after Honduras election
Protesters affiliated with the ruling Liberty and Refoundation Party (Libre) gathered in a demonstration that led to several arrests, disturbances, the burning of tires, and left at least 15 people injured outside the center where votes from Honduras’ November 30 general election are still being counted.
The group assembled on Monday outside the National Institute for Professional Training (INFOP) in Tegucigalpa, after President Xiomara Castro called on supporters through social media, claiming that a “new coup d’état” was being plotted in Honduras.
“I call on the people, social movements, grassroots organizations, party militants and citizens to urgently and peacefully gather in Tegucigalpa to defend the popular mandate, reject any coup attempt and make it clear to the world that a new coup is taking shape here,” the president said.
Castro has stated that she does not recognize the partial election results, which currently place right-wing candidate Nasry Asfura in the lead with 40.54% of the vote, followed closely by liberal candidate Salvador Nasralla with 39.20%. The ruling party’s candidate, Rixi Moncada, remains in a distant third place with 19.30%, with no realistic chance of a comeback.
Both the Libre Party and the Liberal Party, led by Castro and Nasralla respectively, have alleged electoral fraud. On Tuesday, the two parties agreed to participate in the special review panels that the National Electoral Council (CNE) says will finalize the count by reexamining 1,081 polling records flagged for irregularities.
Former president Manuel Zelaya, Castro’s husband and a senior figure within Libre, said last week that according to his party’s own nationwide tally of presidential ballots, Nasralla—a former Libre member—won the election.
Central America
Bukele says AI partnership with xAI will transform public education in El Salvador
President Nayib Bukele stated on Monday that the implementation of Artificial Intelligence (AI), with the support of Elon Musk’s company xAI, will help redefine the future of public education in El Salvador.
“El Salvador and xAI will redefine the future of public education. Children will not use Grok the same way we use it,” the president wrote on X.
Last week, Bukele and Musk announced a partnership to provide personalized tutoring through the AI assistant Grok for all students enrolled in public schools across the country.
This pioneering alliance between the Government of El Salvador and xAI represents the launch of the world’s first national education program powered by artificial intelligence.
“Grok will be used in all public schools in El Salvador over the next two years. More than one million students will receive personalized tutoring. Thousands of teachers will receive assistance and support as partners in the educational process,” the president explained.
Meanwhile, FMLN Secretary General Manuel Flores described the incorporation of AI into public school education as “reckless,” arguing that many schools still lack basic services such as electricity and internet access.
“Schools do not even have desks. They said: ‘All schools will have internet’; that promise was not fulfilled. And others used to say: ‘The only promises that matter are the ones that are kept,’” Flores said during his regular Monday press conference.
Flores questioned who would teach artificial intelligence classes, noting that in some areas schools lack televisions or electricity. “How are they going to have internet? Starlink [satellite internet service] has already been announced five times,” he added.
He further labeled the AI-driven education program promoted by President Bukele as “another lie,” comparing it to the “Two Schools a Day” initiative, which he claimed is “pure propaganda.”
The “Two Schools a Day” program was announced earlier this year and involves the construction or reconstruction of public schools nationwide to improve educational quality. The project is being implemented by government institutions such as the National Directorate of Municipal Works.
Central America
El Salvador ranks among top countries in the Americas in fight against organized crime
El Salvador has positioned itself as the country in the Americas with the strongest performance in the Global Organized Crime Index (GOCI), ranking 18th out of 35 countries in the region and 77th out of 193 nations worldwide that are engaged in the fight against organized crime.
According to the index, El Salvador outperforms Mexico, which ranks 2nd in the Americas and 3rd globally, as well as the United States, which holds the 14th position in the Americas and 60th worldwide.
The Global Organized Crime Index evaluates multiple indicators, including criminal markets, human trafficking and smuggling, extortion, arms trafficking, counterfeit goods trade, illicit trade in excisable goods, environmental crimes involving flora and fauna, crimes against non-renewable resources, heroin, cocaine, cannabis and synthetic drug trafficking, cyber-dependent crimes, financial crimes, mafia-style groups and criminal networks.
Within Central America, El Salvador surpasses Panama, which ranks 8th in the Americas and 21st globally; Costa Rica, ranked 13th in the region and 58th worldwide; Nicaragua, ranked 16th and 69th; Honduras, positioned 5th in the Americas and 13th globally; and Guatemala, which holds 9th place in the Americas and 25th worldwide.
Belize is the only Central American country ranked above El Salvador, placing 23rd in the Americas and 103rd globally. However, while El Salvador climbed 25 positions compared to its 2023 ranking—improving from 52nd to 77th—Belize dropped three positions, moving from 106th in 2023 to 103rd in the current index.
El Salvador’s progress in combating organized crime also surpasses that of several countries across the Americas, including Venezuela, Colombia, Ecuador, Brazil, Peru, Chile and Paraguay, all of which rank lower both regionally and globally.
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