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What measures are taken to prevent money laundering in non-financial sectors in Chile?
In addition to the financial sector, measures have been implemented in Chile to prevent money laundering in non-financial sectors. These include the implementation of internal controls and policies in designated companies and professions, such as real estate, casinos, jewelry stores, trading in precious metals and precious stones, among others. These measures seek to mitigate the risk of money laundering in areas where there may be a high flow of funds and significant transactions.
What role does technology play in improving KYC processes?
Technology, such as artificial intelligence and data analytics, can streamline identity verification, improve transaction monitoring, and detect irregular patterns.
How is identity verified in the birth registration process in Panama?
The Civil Registry of Panama verifies the identity of parents when registering a birth, ensuring that the data provided is accurate and consistent with the identity documents.
Are a person's judicial records automatically expunged upon reaching the age of majority?
No, a person's judicial record is not automatically deleted upon reaching the age of majority in Argentina. Court records may remain part of the records unless a legal process is carried out to have them expunged or expunged.
How are high-risk accounts in Paraguay handled in the context of KYC?
High-risk accounts in Paraguay require greater due diligence. Financial institutions must apply additional verification procedures and more rigorous monitoring to ensure they are not used for illicit activities.
What is the validity of the Death Certificate in Ecuador?
The Death Certificate in Ecuador is valid permanently and does not have a specific expiration date. This document is used to prove the death of a person in various legal and administrative procedures.
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