Recommended articles
What are the basic principles that govern due diligence applied to transactions linked to Politically Exposed Persons (PEP) in Panama?
The basic principles governing due diligence applied to transactions linked to Politically Exposed Persons (PEP) in Panama include the identification and verification of the identity of the PEP, the continuous evaluation of the relationship with the PEP, the performance of a more detailed review of transactions, and the application of measures proportionate to the risk. These principles seek to ensure that financial institutions and other entities apply additional controls and procedures to prevent the misuse of financial transactions linked to PEP and its associated entities.
What type of information should brokers collect in the KYC process?
Brokerages must collect information on the identity of their clients, origin of funds, risk profile and purpose of transactions to comply with KYC regulations.
What are the laws that regulate cases of misleading advertising in Honduras?
Misleading advertising in Honduras is regulated by the Consumer Protection Law and other laws related to competition and transparency in advertising. These laws establish rules and sanctions for those who carry out false, misleading or misleading advertising practices among consumers, guaranteeing truthfulness and protection of consumer rights.
How are tax rules applied to companies in the fashion and design sector in Ecuador?
Companies in the fashion and design sector may have specific tax rules. Understanding how income and investments in this sector are taxed is essential for tax compliance.
Do judicial records in Mexico include information on victim protection measures?
Yes, judicial records in Mexico can include information about the protection measures granted to crime victims. This includes protection orders, approach restrictions or any other measures that have been established to ensure the safety and well-being of victims.
What happens if a financial institution does not comply with PEP regulations in El Salvador?
They can face penalties including fines, loss of license to operate, and even legal action for non-compliance.
Other profiles similar to Josefina Del Carmen Mendoza Jimenez