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Can lawyers and accountants be involved in money laundering activities in Guatemala?
Lawyers and accountants may be involved in money laundering activities if they knowingly or negligently participate in transactions intended to conceal the illicit origin of funds. Guatemalan law requires these professionals to comply with their obligations to report suspicious transactions.
How are regulatory compliance risks addressed in the financial sector in Colombia?
In the Colombian financial sector, entities are subject to strict regulations to prevent money laundering and terrorist financing. This involves implementing internal controls, audits and mandatory reporting.
How is the severity of violations that can lead to sanctions for a contractor in Paraguay determined?
The seriousness of violations that may result in the sanction of a contractor in Paraguay is determined through objective evaluations that consider the nature of the violations, their impact on contracting processes, and the repetition of misconduct.
What regulations apply to waste management and environmental protection in Paraguay?
Law No. 3239/07 and Decree No. 4110/08 regulate waste management and environmental protection in Paraguay.
What is the frequency to update KYC information?
Financial institutions must update their clients' KYC information at least every five years or when there are significant changes in the information provided.
What is the criminal record validation process in the immigration field in Panama?
In the immigration context in Panama, authorities may request criminal record certificates as part of the visa or residency application process.
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