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What is the legal framework for credit card operations in Colombia?
Credit card operations in Colombia are regulated by the Financial Superintendence of Colombia and other financial regulations. The legal framework establishes the requirements and regulations for the issuance, use and protection of credit card holders. Limits on interest rates, commissions, payment terms are established and transparent and responsible practices are promoted by the issuing financial entities.
Is there a centralized registry of related entities that participate in public contracts in Paraguay?
A centralized registry can be established to facilitate the identification of related entities participating in public contracts, improving the efficiency and transparency of the process.
Is there any external review and audit mechanism in Guatemala to evaluate the effectiveness of practices for identifying and preventing money laundering related to politically exposed persons?
Yes, in Guatemala there are external review and audit mechanisms to evaluate the effectiveness of practices for identifying and preventing money laundering related to politically exposed persons. These reviews are carried out by independent specialized entities that evaluate financial institutions' compliance with regulations and the effectiveness of their anti-money laundering measures.
What measures are taken to guarantee the right to freedom of assembly and peaceful demonstration in Honduras?
In Honduras, the right to freedom of assembly and peaceful demonstration is recognized. However, cases of restrictions and repression of protests have been reported. There are challenges in terms of guaranteeing the full exercise of this right, including the protection of protesters from violence and respect for their freedom of expression.
What are the key regulatory agencies and government entities in the Dominican Republic that can impact due diligence in commercial transactions?
In the Dominican Republic, key regulatory agencies and government entities that can impact due diligence include the Superintendency of Banks (SIB), the Superintendency of Securities (SIV), the General Directorate of Internal Taxes (DGII) and the Ministry of the Environment and Natural Resources. These entities oversee specific areas of compliance.
What is Bolivia's position regarding asset freezing in emergency cases related to money laundering, and how is it balanced with individual rights and legality?
Bolivia supports the freezing of assets in emergency cases related to money laundering as a preventive measure. However, this action is carried out within the established legal framework, respecting individual rights. Judicial authorization is required and due process is guaranteed. Asset freezing is considered a necessary tool to prevent the mobilization of illicit funds during ongoing investigations.
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