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What is the main purpose of KYC requirements in Guatemala?
The main purpose of KYC requirements in Guatemala is to ensure that financial institutions know the identity of their customers, understand the nature of their transactions, and detect any suspicious or illegal activity.
Can the tenant make aesthetic changes to the property without needing to obtain the landlord's consent in Chile?
Cosmetic changes to the property generally require the landlord's permission. Even if they are minor changes, it is recommended to obtain written consent to avoid conflicts at the end of the contract.
What is the protection limit for bank deposits in Peru?
In Peru, the Deposit Insurance Fund (FSD) protects deposits in national and foreign currency up to a limit of 98,280 soles per person and per financial institution. This means that in the event of a bank bankruptcy or liquidation, deposits up to that amount would be guaranteed by the FSD.
How has Costa Rica adapted to technological advances in terms of regulatory compliance, especially in the financial sector?
Costa Rica has modernized its regulatory framework to address technological challenges, highlighting the Law for the Prevention and Identification of Operations with Resources of Illicit Origin. This ensures that financial institutions meet up-to-date requirements in an ever-evolving digital environment.
Can the tenant sublease part of the property in Peru?
Subletting generally requires the consent of the landlord in Peru. The contract should clearly specify whether subletting is permitted, under what conditions, and whether the tenant assumes full or partial responsibility for the sublease.
What sanctions apply to PEPs that fail to comply with financial regulations in Panama?
Sanctions for PEPs that fail to comply with financial regulations may include fines, legal sanctions and financial restrictions, depending on the severity of the non-compliance.
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