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What is the legal process to change the visitation regime established in El Salvador?
In El Salvador, to modify the previously established visitation regime, a request must be submitted to the corresponding court, stating the reasons that justify the change and always seeking the best interests of the minor.
Do AML regulations apply to non-financial transactions in El Salvador?
Yes, AML regulations also apply to real estate, business transactions and other economic operations subject to anti-money laundering regulations.
What is the importance of education and awareness about money laundering in El Salvador?
Education and awareness help sensitize society and professionals about the risks and consequences of money laundering, promoting prevention.
What role do union organizations have in personnel verification in El Salvador?
Trade union organizations can monitor that selection processes respect the labor rights of candidates, ensuring that there is no discrimination or abuse during verifications.
What are the obligations of financial institutions in relation to Politically Exposed Persons in Colombia?
Financial institutions in Colombia are required to apply enhanced due diligence measures to prevent money laundering and terrorist financing when establishing business relationships with Politically Exposed Persons. This involves conducting a more rigorous analysis of the associated risks, verifying the source of funds, and monitoring transactions on an ongoing basis.
What are the best practices to guarantee regulatory compliance in the Colombian business environment?
In Colombia, companies must take a comprehensive approach to regulatory compliance. This includes the creation of internal policies, regular staff training, internal and external audits, as well as collaboration with local compliance experts. Effective communication and continuous monitoring are key to keeping up with changing regulations and ensuring effective compliance in a dynamic business environment.
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