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What are the main anti-money laundering laws in Argentina?
In Argentina, the main law against money laundering is Law No. 25,246, known as the Law on the Prevention of Money Laundering and Financing of Terrorism. This law establishes the obligations and responsibilities of obligated subjects, such as financial entities, casinos, real estate agencies and independent professionals, to prevent and detect money laundering operations.
How are concerns about the economic cost of the KYC process in the Dominican Republic addressed?
Concerns about the economic cost of the KYC process in the Dominican Republic are addressed by seeking efficiency and simplifying procedures. Financial institutions are looking to use advanced technologies to reduce operational costs associated with KYC. In addition, collaboration between institutions is promoted to share resources and reduce costs in the compliance process. Cost reduction benefits both institutions and clients
How are the procedures carried out to obtain a certificate of tax solvency in Guatemala and when is it necessary?
The procedures to obtain a certificate of fiscal solvency in Guatemala involve complying with tax obligations, presenting documents to the Superintendence of Tax Administration (SAT) and demonstrating that there are no outstanding debts. This record is necessary in various contexts, such as tenders or commercial transactions.
What is the procedure to obtain a construction license in Peru?
The procedure to obtain a construction license in Peru varies depending on the corresponding municipality. In general, it involves submitting a technical file with the required plans and documents, paying the corresponding fees, complying with current rules and regulations, and obtaining approval from the municipality.
What is meant by "offshore structures" and how is their use in money laundering addressed in Costa Rica?
Offshore structures are legal entities established in foreign jurisdictions for the purpose of taking advantage of tax and confidentiality benefits. In the context of money laundering, these structures can be used to conceal the ownership and illicit origin of funds. In Costa Rica, measures have been implemented to address the use of offshore structures in money laundering, such as the obligation to disclose information on the beneficial ownership of entities and cooperation with other jurisdictions to exchange financial information.
Is there a time limit for criminal records to be recorded in Panama?
In Panama, criminal records are recorded in the National Registry of Criminal Records indefinitely. There is no specific time limit for criminal records to be automatically removed from the record. However, as I mentioned above, it is possible to apply for legal rehabilitation for the expungement of criminal records after meeting certain requirements and deadlines established by law.
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