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What steps can companies in Peru take to ensure their staff are properly trained in risk list verification?
Companies can implement internal training programs, hire compliance experts to provide training, and use online resources such as courses and seminars to ensure their staff are properly trained in checking risk lists.
How is KYC information handled when a customer decides to close an account or end a relationship with a financial institution in Mexico?
When a customer decides to close an account or end a relationship with a financial institution in Mexico, KYC information must be maintained for a period of time specified by regulations. Then, a secure archiving and storage protocol for said information must be followed to comply with data privacy regulations.
What is the impact of oil price volatility on the Colombian economy?
The volatility of the oil price has a significant impact on the Colombian economy due to the importance of this resource in the country's economic structure. Colombia is a producer and exporter of oil, so fluctuations in international prices can affect tax revenues, the trade balance, and investment in the energy sector. The Colombian government implements strategies to manage the effects of volatility, such as diversifying the economy and creating stabilization funds.
Can the landlord change the terms of the arrival contract for security reasons in Chile?
The landlord may change the terms of the contract for security reasons, but generally must notify the tenant in advance and obtain the tenant's consent or follow appropriate legal procedures.
What is the role of joint liability in the management of tax debts in Argentina?
Joint liability can be applied in cases of tax debts, making third parties responsible for the tax obligations of other taxpayers, which affects tax management and compliance.
How is the application of sanctions addressed in cases of deficient verification in risk lists involving international transactions?
The application of sanctions in cases of deficient verification in risk lists involving international transactions is addressed through international cooperation and coordination of efforts between countries. Panama participates in international initiatives and collaborates with organizations such as the Financial Action Task Force (FATF). International cooperation is essential to address cases involving international transactions and ensure the effective imposition of sanctions. The shared information between countries and the coordination in the application of sanctioning measures contribute to preventing the misuse of the financial system in international transactions related to illicit activities.
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