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What is the role of the General Directorate of Drug Control (DNCD) in preventing money laundering in the Dominican Republic?
The DNCD works in collaboration with other security and law enforcement agencies to investigate and dismantle operations related to drug trafficking and money laundering.
How are scope change clauses handled in project sales contracts in Ecuador?
Scope change clauses are relevant for project contracts. The contract may set out how changes can be made to the scope of the project, required notice periods and any adjustments in terms of cost or conditions. It is essential to document changes clearly and obtain consent from both parties to avoid misunderstandings.
What is the supply contract in Brazil?
The supply contract in Brazil is an agreement by which one party (supplier) undertakes to deliver goods or services periodically to another party (customer), in exchange for an agreed price.
What legal repercussions could Honduras face if it violates an embargo imposed by the international community?
If Honduras were to violate an embargo imposed by the international community, it could face legal repercussions and sanctions from the countries or entities implementing the embargo. These sanctions could include additional trade restrictions, asset freezes or travel bans for Honduran officials, among other measures.
What consequences can companies face that do not carry out due diligence in verifying risk lists in Peru?
Companies that fail to perform due diligence may face financial penalties, loss of reputation, regulatory investigations, and legal action if they engage with sanctioned individuals or entities or those involved in illicit activities.
What is "masking" in the money laundering process in Panama?
"Masking" is a stage of the money laundering process that seeks to conceal the illicit nature of funds through legal or false transactions. This may include investments in real estate, purchases of valuable assets, or transfers to offshore accounts. In Panama, measures have been implemented to detect and prevent this type of activities.
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