A recent report commissioned by Costa Rica’s insurance regulator, Sugef, has identified six significant risks of money laundering within the country. The study provides a detailed analysis of these vulnerabilities, highlighting areas requiring immediate attention. Crucially, the report doesn’t just diagnose the problem; it also proposes a concrete roadmap of measures to combat illicit financial flows. Successful implementation of these measures, however, is heavily dependent on strong political will. The findings underscore the urgent need for Costa Rica to strengthen its anti-money laundering framework. Authorities are now tasked with prioritizing and enacting the recommended strategies to mitigate these identified risks and protect the nation’s financial system. Failure to act could have serious economic and reputational consequences for Costa Rica.