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Is there a system for reporting suspicious transactions related to politically exposed persons in Guatemala and how does this system work?
Yes, in Guatemala there is a reporting system for suspicious transactions related to politically exposed persons. Financial institutions are required to report such transactions to the Financial Information Unit (UIF) of Guatemala. This system facilitates the collection of information for analysis and action by the competent authorities in the prevention of money laundering.
What is the leasing contract in Mexican commercial law?
The leasing contract in Mexican commercial law, also known as financial leasing, is one in which one party, called the financial lessor, acquires an asset and makes it available to another party, called the lessee, in exchange for periodic payments, with purchase option at the end of the contract.
What are the rights of children in cases of marriage or de facto union of their parents in Peru?
In cases of marriage or de facto union of parents in Peru, children have the right to be recognized as legitimate children and to enjoy the rights and benefits that derive from that relationship. They have the right to be adequately cared for, protected and fed, as well as to receive education and emotional support. Additionally, they have the right to maintain a close and ongoing relationship with both parents.
What is the principle of non-retroactivity in Mexican criminal law?
The principle of non-retroactivity in Mexican criminal law establishes that the criminal law cannot be applied retroactively to harm the accused, that is, conduct that was not prohibited at the time it was committed cannot be punished.
What is the impact of financial education in promoting investment culture in Guatemala?
Financial education has a significant impact in promoting investment culture in Guatemala. By providing knowledge about investment fundamentals, risks and returns, financial education fosters an investment mindset among citizens. Financial education teaches about different types of investments, such as stocks, bonds, and mutual funds, as well as diversification and investment horizon. This promotes a healthy investment culture, where individuals can take advantage of stock market opportunities and other investment instruments to grow their wealth and achieve their long-term financial goals.
What are the supervisory and regulatory mechanisms used in the Dominican Republic to prevent money laundering?
In the Dominican Republic, various supervisory and regulatory mechanisms are used to prevent money laundering. This includes the supervision of financial and non-financial institutions by the Superintendency of Banks, the Superintendency of Securities, the Superintendence of Insurance and the General Directorate of Internal Taxes. These entities conduct periodic inspections, require the implementation of prevention programs, and establish compliance requirements.
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