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What is the role of the General Superintendence of Financial Entities (SUGEF) in KYC in Costa Rica?
SUGEF is the regulatory entity in charge of supervising and regulating the financial sector in Costa Rica. In the context of KYC, SUGEF issues specific regulations and provides guidance to financial entities to ensure they comply with legal requirements. It also conducts inspections and verifies KYC compliance at financial institutions.
How is terrorist financing addressed in the context of cybersecurity in El Salvador?
In El Salvador, terrorist financing is addressed in the context of cybersecurity by implementing measures that protect critical infrastructure and electronic transactions. Response capabilities to cyber attacks are strengthened, awareness of cyber threats is promoted, and collaboration is carried out with specialized agencies to prevent the misuse of technology in the financing of terrorism.
How can private companies contribute to regulatory compliance in El Salvador?
Companies can implement internal compliance programs, train their staff, constantly monitor business practices, and collaborate with authorities to ensure compliance.
What is the situation of an embargo in cases of concessioned assets in Argentina?
An embargo on concessioned assets can affect the concession and its benefits, and the process involves notifying the granting entity and evaluating the rights of all parties involved.
What impact does money laundering have on Brazil's financial system?
Brazil Money laundering has a negative impact on Brazil's financial system. It can erode trust in financial institutions, affect system stability, increase regulatory compliance costs, and reduce the financial sector's ability to prevent and combat other forms of crime, such as corruption and terrorist financing.
Are there statutes of limitations for embargoes in Argentina?
Yes, in Argentina there are statutes of limitations for embargoes. This means that, after a certain period of time, the debt may become statute-barred, meaning that the creditor can no longer demand payment or request a garnishment. The prescription periods vary depending on the type of debt and are established in the Argentine Civil and Commercial Code.
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