Recommended articles
How do you approach updating KYC information for customers in the Dominican Republic in the event of changes in their personal or financial situation?
Updating customer KYC information in the Dominican Republic is addressed proactively. Financial institutions should conduct regular reviews of their customers' KYC information to ensure it is up to date. If there are changes in a client's personal or financial situation, the client must notify the institution immediately. Institutions may also monitor unusual or suspicious transactions that could indicate a significant change in the customer's situation. It is essential that KYC information is kept accurate and up-to-date throughout the customer relationship to comply with regulations and prevent illicit activities.
What is the frequency allowed to perform background checks on current employees?
The frequency of background checks on current employees may vary depending on company policy, but are generally performed on a timely basis or as needed.
What is Ecuador's strategy to address corruption in public procurement and how are corrupt practices related to PEPs prevented in this process?
Ecuador's strategy to address corruption in public procurement is based on transparency and competition. Clear regulations are established prohibiting the participation of PEPs in procurement processes and rigorous risk assessment measures are applied. The implementation of electronic contracting systems and the open publication of information on tenders contribute to preventing corrupt practices and ensuring the fair and objective selection of contractors in the public sector.
How is creditor priority determined in a seizure process in Bolivia and what are the key criteria?
The determination of the priority of creditors in an embargo process in Bolivia follows specific criteria. Secured creditors with liens on specific assets generally have priority over unsecured creditors. Courts evaluate collateral creation dates, collateral types, and applicable law to establish priority. It is essential to understand these criteria to ensure a fair distribution of seized assets.
What guarantees exist for the protection of the rights of people in poverty in Colombia?
In Colombia, the protection of the rights of people in poverty is promoted through social programs and policies. These seek to guarantee access to basic services, such as health and education, and promote the social and economic inclusion of people in vulnerable situations.
How are advertising and promotion obligations regulated in a sales contract in Argentina?
Obligations related to advertising and promotion must be addressed in an Argentine sales contract. This may include clauses setting forth the scope of promotional activities, prior approval, and compliance with applicable advertising laws.
Other profiles similar to Maria Herminia Azuaje Piñero