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What is the process for identifying and verifying clients who are politically exposed persons (PPE) in Paraguay?
Politically exposed persons (PPE) in Paraguay are subject to more intensive due diligence. Financial institutions must identify PPEs, verify their identity and continuously monitor their activity. This is to prevent the risk of corruption and money laundering.
What are the differences between the seizure of movable and immovable property in Chile?
Seizure of personal property involves transportable assets, while sequestration of immovable property refers to real estate.
What are the financing options available for development projects in the maritime transportation industry in Honduras?
In Honduras, there are financing options for development projects in the maritime transportation industry. These options include loans and lines of credit offered by financial institutions, government programs to support the maritime and port sector, collaborations with private investors and companies in the maritime transport sector, and investment funds in the field of transport and logistics. Additionally, public-private partnerships can be explored for the development of port and logistics infrastructure projects, providing opportunities for financing and joint management.
What is the purpose of enhanced due diligence in the context of PEPs?
Enhanced due diligence aims to ensure that financial institutions take additional precautions when dealing with PEPs to prevent money laundering and corruption.
What is considered money laundering in Colombia and what are the associated penalties?
Money laundering in Colombia refers to the action of hiding, disguising or concealing the illicit origin of funds or assets obtained through criminal activities. This crime is punishable by Colombian law and the associated penalties may include criminal legal actions, prison sentences, significant fines, confiscation of assets, administrative sanctions and additional actions for financing of terrorism and organized crime.
What is the role of the Salvadoran government in business regulatory compliance?
The government supervises compliance with laws and regulations through organizations such as the Attorney General's Office and the Competition Superintendence, ensuring that companies comply with established regulations.
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