laundering authorities and to evade the reach of law enforcement.
24. For example, in or about 2009, a Costa Rican agency responsible for regulating financial institutions, known as Superincendencia General de Entidades Financieras ("SUGEF"), determined that LIBERTY RESERVE fell within its jurisdiction and notified the company that it needed to apply for a license to operate as a money transmitting business in Costa Rica. Beginning in or about October 2009, LIBERTY RESERVE sought such a license from SUGEF, but SUGEF refused to grant the application based on concerns that LIBERTY RESERVE did not have even basic anti-money laundering Controls in place such as "know your customer" procedures, and otherwise lacked any effective means of tracking suspicious activity within its system.
25, Instead of remedying these deficiencies, LIBERTY RESERVE Created a system designed to feign compliance with anti-money laundering procedures. specifically, ARTHUR EUDOVSKY, a/k/a "Arthur Belanchuk," a/k/a "Eric Paltz," ALLAN ESTEBAN HIDALGO JIMENEZ, a/k/a "Allan Garcia," MARK MARMILEV, a/k/a "Marko," a/k/a "Mark Halls," and MAXIM CHUKHAREV, the defendants, created a computer portal that appeared to give Costa Rican regulators the ability to access LIBERTY RESERVE transactional information and monitor it for suspicious activity. However, the data that appeared in the portal was
