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What are the specific laws in Costa Rica that support and regulate the implementation of KYC in financial institutions?
In Costa Rica, Law 8204 on Narcotic Drugs, Psychotropic Substances, Drugs for Unauthorized Use, Related Activities, Money Laundering and Financing of Terrorism establishes the legal framework for the implementation of KYC in the financial sector.
What is the role of non-governmental organizations (NGOs) in overseeing PEP in Peru?
NGOs play a key role in lobbying and independently monitoring the actions of PEPs in Peru. They can also promote public awareness about the importance of accountability.
What is the National Volunteer Program in Colombia?
The National Volunteer Program is an initiative of the Colombian government that promotes and coordinates citizen participation in volunteer and community service activities. Its main objective is to promote solidarity, social commitment and collaboration between citizens, contributing to sustainable development and the well-being of society.
Are there additional restrictions for PEP financial transactions in Chile?
Yes, in Chile there are additional restrictions for financial transactions of Politically Exposed Persons. These restrictions are designed to prevent misuse of the financial system and ensure transparency. Financial institutions should more closely monitor the financial operations of PEPs and report any suspicious or unusual activity to competent authorities.
Can a debtor request debt restructuring with the same creditor instead of an embargo in Chile?
Yes, a debtor can seek debt restructuring with the same creditor, which involves renegotiating the terms of the debt to make it more manageable and avoid garnishment.
What is the process of applying for a Stay Visa for Humanitarian Reasons in Spain for Panamanian citizens in special situations?
These visas are granted in humanitarian cases and require evidence of the special situation that justifies the application.
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