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What regulations in Paraguay require the performance of due diligence processes in commercial transactions?
In Paraguay, the performance of due diligence processes is supported by specific rules and regulations. Law 1015/97 "On the Prevention of Money and Asset Laundering" establishes requirements for the identification and verification of clients, imposing on financial and non-financial entities the responsibility of carrying out due diligence processes. Additionally, other sector laws and regulations may require due diligence on specific transactions, ensuring compliance with applicable regulations.
How is the risk associated with financial transactions linked to Politically Exposed Persons (PEP) evaluated in Panama?
The evaluation of the risk associated with financial transactions linked to Politically Exposed Persons (PEP) in Panama is carried out through a risk analysis that considers various factors. This includes the current or past position of the PEP, the nature of the transaction, the jurisdiction involved, and other elements that may increase or mitigate risk. The risk assessment determines the level of due diligence required, from standard procedures to enhanced measures, ensuring that institutions adapt their controls according to the specific risk of each PEP-related transaction.
What is the difference between a contract for the transportation of goods and a contract for the transportation of people in Brazil?
In the contract for the transportation of goods in Brazil, the object of transportation is goods or merchandise, while in the contract for the transportation of people the object of transportation is people.
What is the role of arbitration courts in resolving disputes in sales contracts in Guatemala?
Arbitration courts in Guatemala can play a significant role in resolving disputes in sales contracts. Parties can agree to submit their disputes to arbitration instead of going to traditional courts. Arbitration awards are legally binding and provide an alternative way to resolve disputes efficiently.
What is the procedure to resolve a conflict between the landlord and the tenant in the Dominican Republic?
In the event of a conflict between the landlord and the tenant in the Dominican Republic, a solution should generally be sought through mediation or negotiation. If this does not solve the problem, you can turn to the judicial authorities. Courts can intervene to resolve disputes related to the lease and take legal action if necessary. It is important to follow the proper legal process in case of conflict
What is the role of the National Police of Peru in the fight against money laundering?
The National Police of Peru (PNP) plays a crucial role in the fight against money laundering. Its specialized units, such as the Money Laundering Directorate, are in charge of investigating cases of money laundering and cooperating with other institutions. The PNP conducts investigations, collects evidence and works to identify and capture those responsible for illicit activities and money laundering. Their work is essential to the process of prosecuting this crime.
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