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What is the role of the Guatemalan Financial Analysis Unit in identifying politically exposed persons?
Guatemala's Financial Analysis Unit plays a key role in identifying politically exposed persons. It collaborates with financial institutions to share relevant information, issues guidance on enhanced due diligence and contributes to broader anti-money laundering and terrorist financing efforts.
What penalties apply for not filing tax returns on time?
Failure to timely file tax returns may result in fines and penalties proportional to the amount owed.
How can small and medium-sized businesses in Paraguay implement effective due diligence processes without incurring prohibitive costs?
Small and medium-sized companies in Paraguay can implement effective due diligence processes through scalable solutions adapted to their size. This may include training staff, using efficient technologies, and collaborating with specialized service providers to optimize resources.
Can a client request access to information collected during the KYC process in Costa Rica?
Yes, a client generally has the right to request access to information collected during the KYC process in Costa Rica. This includes personal information and documentation provided. Financial institutions must provide access to information in a timely manner and comply with privacy and data protection laws.
How does KYC affect donations and sponsorships in the cultural and artistic field in Costa Rica, considering the social responsibility of companies?
In the cultural and artistic field, KYC ensures that donations and sponsorships comply with ethical and legal standards, strengthening the social responsibility of companies and their contribution to cultural development in Costa Rica.
Can the tenant make changes to the property to adapt it to their special needs in Argentina?
The tenant may propose changes to adapt the property to his/her special needs, but these changes must have the prior written consent of the landlord.
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