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What is the impact of money laundering on Honduras' reputation internationally?
Money laundering has a negative impact on Honduras' reputation internationally. The perception that the country is not taking sufficient measures to combat money laundering can affect the confidence of foreign investors, generate restrictions in commercial relations and put financial stability at risk. This can have significant repercussions on the country's economic development and image in the international community.
What is the position of Paraguayan law on paternity/maternity by gestational surrogacy?
Paternity or maternity by gestational surrogacy is not regulated in Paraguay. The lack of specific regulations can generate legal and ethical challenges in cases of surrogacy.
How is the independence of the regulatory compliance function ensured in Argentine companies?
The independence of the compliance function is ensured by ensuring that compliance officers have direct access to senior management and the board of directors. Additionally, the compliance function must have the autonomy to report potential violations without fear of retaliation.
What is the relationship between KYC and the protection of personal data in Mexico?
KYC and personal data protection are related in Mexico, as financial institutions must handle and protect customers' personal information in accordance with data privacy laws. This ensures the confidentiality and security of the information collected during the KYC process.
How are sanctions addressed in cases of contractors who have demonstrated a significant change in their ethical practices?
If a contractor demonstrates a significant change in its ethical practices during the sanctions period, early reduction or suspension of sanctions may be considered. Effective rehabilitation and implementation of corrective measures are key factors in these decisions.
Does the State of El Salvador offer rehabilitation opportunities for sanctioned contractors?
Yes, the State can establish rehabilitation or continuous improvement programs that allow sanctioned contractors to rectify their behavior and lift sanctions under certain conditions.
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