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What is the know your customer (KYC) principle and how is it applied in the prevention of money laundering in El Salvador?
The know-your-customer (KYC) principle refers to the process of verifying the identity and profile of customers by financial institutions and other obligated entities. In El Salvador, it is applied to prevent money laundering, and requires the collection of information about clients, the analysis of their financial activities and the continuous monitoring of their transactions.
What is the role of the Central Bank of the Argentine Republic (BCRA) in the country's economy?
The Central Bank of the Argentine Republic (BCRA) is the institution in charge of regulating and supervising the financial system in Argentina. Its main objective is to maintain monetary stability and promote a solid and reliable financial system. The BCRA is also responsible for issuing currency and establishing the country's monetary and exchange policies.
What are the measures that financial institutions in Colombia should take to prevent fraud in the KYC process?
To prevent fraud, institutions should implement security measures such as cross-verification of information, authenticating documents using advanced technologies, and continuing education of staff to identify potential fraud red flags during the KYC process.
Can a RUT be transferred from one person to another in the event of death?
The RUT cannot be transferred from one person to another in the event of death. When a person fails, their RUT is deactivated and a process of inheritance and succession of assets and obligations is carried out.
Can a foreigner be selected for a public job in Paraguay?
Yes, foreigners can be selected for public jobs in Paraguay, but they must meet certain requirements, such as residing in the country and having a work permit.
How is a wage garnishment executed in Colombia?
The wage garnishment in Colombia follows a legal process that includes notification to the employer, who will retain a part of the debtor's salary to satisfy the debt. There are legal limits on the percentage that can be garnished, protecting a substantial portion of the salary.
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