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What is the role of the SSF in training financial institution personnel regarding due diligence in El Salvador?
The SSF provides guidance and training programs to ensure staff are up to date on due diligence practices and regulations.
What is "know your customer" and how is it applied in the prevention of money laundering in Argentina?
"Know your customer" refers to the process of collecting, verifying and evaluating information about customers and their financial activity in order to assess the risk of money laundering. In Argentina, knowing your customer is a key measure in the prevention of money laundering. Financial institutions and other obligated sectors are required to obtain and update information on the identity, economic activity and transactions of their customers, and use this information to assess and mitigate the risks associated with money laundering.
How is the information on the citizenship card updated?
The updating of the information in the citizenship card is carried out in the National Registry of Civil Status. Citizens must submit documents supporting the changes, such as marriage, divorce or death certificates, as necessary. The update guarantees that the information on the card is up to date and accurately reflects the civil status of the holder.
What are the common clauses found in a sales contract in the Dominican Republic?
Common clauses in a sales contract include detailed description of the good or service, price, delivery times, warranties, payment terms, rights and responsibilities of both parties, penalties for non-compliance, and provisions for Dispute resolution. It is important to customize the contract according to the specific needs of the transaction
How are new technologies, such as blockchain, integrated into KYC processes in Argentina?
The integration of new technologies, such as blockchain, in KYC processes in Argentina seeks to improve efficiency and security. Blockchain allows the creation of unalterable and decentralized identity records, reducing the risk of fraud. Financial institutions are exploring blockchain use cases for secure and efficient management of KYC data, fostering collaboration between entities and improving system interoperability.
What assets can be seized in Costa Rica?
In general, a wide range of assets can be seized in Costa Rica. This includes personal property, bank accounts, vehicles, property, wages, and other assets of the debtor. However, there are certain exceptions and limits regarding the assets that can be seized.
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