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Are there sanctions for institutions that do not comply with regulations related to politically exposed persons in Guatemala?
Yes, in Guatemala there are sanctions for financial institutions or other entities that do not comply with regulations related to politically exposed persons. Failure to comply with anti-money laundering and counter-terrorism financing regulations may result in fines and other disciplinary measures to ensure compliance with relevant laws.
How is the prevention of money laundering managed in the construction and real estate development sector in Argentina?
In the construction and real estate development sector in Argentina, the prevention of money laundering is managed through specific regulations. Companies in this sector must implement customer identification processes, monitor transactions and report suspicious activities. Supervision by the FIU focuses on preventing the misuse of real estate construction and development for illicit activities, ensuring transparency in related transactions.
To what extent should background check entities in Panama consider international standards in their processes and practices?
Considering international standards is essential to ensure the quality and compatibility of background check processes, especially if entities operate in a global context.
What are the visa options for Paraguayans who want to participate in volunteer programs in Spain?
Paraguayans interested in participating in volunteer programs in Spain can opt for a volunteer visa. This visa allows them to carry out volunteer activities legally. It is essential to have an offer from a Spanish organization that supports participation and meets the requirements established by the immigration authorities for this type of visa.
How can financial institutions assess and mitigate the risk associated with foreign clients under AML?
Carrying out more rigorous due diligence, verifying the authenticity of documents and monitoring transactions in more detail in the case of foreign clients.
What is the Dominican Republic's approach to preventing the crime of extortion?
The Dominican Republic focuses on the prevention of the crime of extortion through awareness campaigns, collaboration with the community and the application of laws that punish extortionists
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