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What is the difference between tax history and credit history in El Salvador?
Tax history refers to a taxpayer's tax compliance history, while credit history relates to debt and loan management. Both are important, but have different focuses and purposes.
How does international money laundering affect Paraguayan entities and what sanctions could they face?
International money laundering can affect Paraguayan entities by exposing them to international sanctions and trade restrictions. Sanctions may include a ban on transactions with international entities, which negatively affects business operations and relationships. Additionally, Paraguayan entities could face fines imposed by international organizations and legal action. It is crucial for Paraguayan entities to adopt effective measures against money laundering to avoid negative consequences at a global level.
What is the process for reviewing and updating the PEP list in Costa Rica?
The process of reviewing and updating the list of Politically Exposed Persons (PEP) in Costa Rica is usually the responsibility of the Financial Analysis Unit (UAF) or other competent authority. The list is updated regularly to reflect changes in political and public positions. In addition, financial institutions are also required to identify PEPs in their own operations and update their internal list accordingly.
How is transaction monitoring carried out in the KYC process in the Dominican Republic?
Transaction monitoring in the KYC process in the Dominican Republic is carried out using advanced software systems and technologies that can identify unusual or suspicious patterns. When potentially problematic activity is detected, additional investigations are initiated and authorities are informed when necessary. This helps prevent illegal activities
How is the identity verification of older people handled in Chile, considering the difficulty of accessing valid documentation?
The identity verification of older people in Chile is carried out taking into account the difficulty of accessing valid documentation. Alternative methods of identification are permitted, such as verification through government institution records.
How are ethics promoted in banking and financial services from the point of view of regulatory compliance in Peru?
Ethics in banking and financial services in Peru is promoted through regulations and codes of conduct that prohibit deceptive practices, promote financial transparency and ensure the protection of consumer rights.
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