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Are there incentives or sanctions established by the State of Panama to encourage compliance with due diligence measures in transactions linked to Politically Exposed Persons (PEP)?
Yes, the State of Panama establishes incentives and sanctions to encourage compliance with due diligence measures in transactions linked to Politically Exposed Persons (PEP). Incentives may include recognition and benefits for those institutions that demonstrate a high level of compliance. On the other hand, sanctions, such as fines and penalties, are applied to entities that do not adequately comply with the regulations. These mechanisms seek to ensure that institutions have a strong incentive to effectively implement and maintain PEP-related money laundering and terrorist financing prevention measures.
How to carry out the process to obtain a license to market agroindustrial products in Bolivia?
Obtaining a license to market agroindustrial products in Bolivia is processed before the National Agricultural Health and Food Safety Service (SENASAG). You must submit the application, technical documentation of the product and comply with quality standards to obtain the license and market agroindustrial products.
What are the legal procedures for the periodic supervision and evaluation of the implementation of KYC in Costa Rica?
The SUGEF carries out periodic supervision and evaluation of the implementation of KYC in financial institutions through audits and legal reviews, ensuring continuous compliance with regulations and the effectiveness of the processes.
What sanctions apply to those who access judicial records for the purposes of blackmail or extortion in El Salvador?
Access for blackmail purposes can result in extortion charges, with penalties including fines and prison terms depending on the severity of the blackmail.
What are the investment options in the collaborative economy sector in Chile?
The collaborative economy sector in Chile offers various investment options. You can invest in digital platforms and companies that facilitate collaboration between individuals, such as ride-hailing services, home rentals, peer-to-peer lending, and other activities based on sharing resources and skills. Additionally, you can consider investing in projects and startups that promote the collaborative economy and sustainability. Chile has experienced significant growth in the collaborative economy in recent years
What are the legal provisions in Costa Rica for increasing rent in rental contracts, and how are tenants' rights protected against unjustified increases?
Legal provisions in Costa Rica establish limits for the increase of rent in rental contracts. The Civil Code and the Law on Urban and Suburban Leases regulate these increases, and it is established that they must be reasonable and justified. In the event of unjustified increases, tenants can turn to the Ombudsman's Office to resolve disputes and ensure that their rights against abusive rent increases are respected.
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