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What is the "contagion effect" in the context of money laundering in Panama?
The "contagion effect" refers to the spread of money laundering and its negative effects through various economic and social areas of Panama. When money laundering is not adequately controlled, it can have a detrimental impact on sectors such as trade, tourism and investment, generating a chain of adverse consequences on the economy and society.
What requirements must financial institutions meet to report suspicious transactions in El Salvador?
They must maintain detailed records and be trained to identify unusual patterns or activities that may indicate money laundering.
What due diligence requirements apply to gaming institutions and casinos in Guatemala?
Gaming institutions and casinos must comply with due diligence requirements to prevent money laundering and terrorist financing.
What security measures are used to protect the information in a criminal record certificate in Panama?
Criminal record certificates in Panama may include security measures, such as seals, signatures and holograms, to prevent forgery.
How is employment discrimination addressed in Argentina and what are the resources available to affected employees?
Employment discrimination in Argentina is prohibited and is addressed through legal mechanisms. Affected employees can file complaints with labor authorities and, if unresolved, seek redress through lawsuits. Argentine law supports equality at work and protects employees against discrimination.
What are the recommended steps for a company in Panama that discovers that it has inadvertently hired a sanctioned contractor?
A company should take immediate steps to correct the situation, including terminating the contract if necessary, and working with authorities to mitigate potential penalties.
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