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What due diligence measures should financial institutions take when dealing with foreign PEPs?
Financial institutions should apply additional due diligence measures, such as verifying the source of funds and business relationship, when dealing with foreign PEPs.
What is the role of the Comptroller General of the Republic in the supervision of administrative procedures in Costa Rica?
The Comptroller General of the Republic in Costa Rica plays a fundamental role in supervising administrative procedures. Through audits and reviews, it ensures that procedures are transparent, efficient and aligned with legal regulations. This supervision contributes to preventing bad practices, detecting possible irregularities and guaranteeing the proper use of public resources in the management of procedures.
What is the situation of telecommunications infrastructure in Honduras?
Honduras has experienced advances in terms of telecommunications infrastructure, with growing mobile phone and internet penetration. However, there are still disparities in access to telecommunications services between urban and rural areas.
What is the relationship between KYC and the fight against money laundering and terrorist financing in Chile?
KYC is an essential tool in the fight against money laundering and terrorist financing in Chile. By knowing their customers, financial institutions can detect and prevent suspicious transactions, thus contributing to the country's financial security.
What is the legal framework in Costa Rica for the crime of damage to the property of others?
Damage to other people's property is punishable by law in Costa Rica. Those who cause damage, destruction or deterioration to another person's property, whether intentionally or negligently, may face legal action and sanctions, including fines, damages and imprisonment in serious cases.
What requirements does Panamanian legislation impose in relation to the identification and evaluation of risks in KYC?
Panamanian legislation imposes specific requirements regarding the identification and assessment of risks in KYC. Financial institutions must establish policies and procedures to identify and evaluate money laundering and terrorist financing risks associated with their customers, products, services and distribution channels.
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