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What does the term PEP mean and what is its relevance in the political sphere?
Politically Exposed Persons (PEP) are individuals who hold or have held political positions or positions of public relevance. Their importance lies in the increased risk of being involved in money laundering, corruption or terrorist financing activities due to their position.
What requirements apply in Panama for the identification and verification of clients in financial institutions in order to prevent the financing of terrorism?
Financial institutions in Panama must carry out due diligence procedures, including customer identification and verification, to prevent terrorist financing.
What is the minimum and maximum duration of a rental contract in Bolivia?
In Bolivia, the minimum duration of a lease contract is one year. However, the parties can agree to a shorter duration in temporary lease contracts. The maximum duration of the lease contract is 5 years, although it can be renewed by mutual agreement between the landlord and the tenant.
How are adoption processes managed in Panama?
Adoption processes in Panama are regulated by specific laws. They include exhaustive evaluations of the adopters and guarantee the well-being of the minors.
What restrictions do people or companies with bad tax records face in Costa Rica?
Individuals or companies with poor tax records in Costa Rica may face significant restrictions. These restrictions include the inability to participate in public tenders, obtain government contracts, access credit on favorable conditions, and carry out administrative procedures. Additionally, they may face financial penalties, such as fines and late fees.
How does verification in risk lists influence strategic decision making in technology companies in Ecuador?
Risk list verification influences strategic decision making in technology companies in Ecuador by providing critical information about business partners and suppliers. Incorporating verification criteria into strategic planning allows companies to mitigate risks associated with high-risk partnerships, safeguarding the integrity and reputation of the technology sector...
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