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What legal implications may financial institutions face if they do not comply with PEP regulations in El Salvador?
They may face legal sanctions, significant fines and regulatory actions, including revocation of licenses to operate.
How are international transactions involving exposed persons supervised in Paraguay?
International transactions involving exposed persons are monitored by reviewing cross-border transfers and cooperating with other countries to exchange information on suspicious transactions. This helps prevent misuse of the financial system.
What is the penalty for the crime of organ trafficking in Ecuador?
Organ trafficking is criminalized in Ecuador, with measures that seek to prevent the illegal trade in organs and protect the integrity of people.
Is a written employment contract required in Panama?
Yes, a written employment contract is required and must include details about salary, hours, benefits, duration, and other terms and conditions of employment.
How is the identification and seizure of assets related to money laundering carried out in Peru?
The identification and seizure of assets related to money laundering in Peru are carried out through investigations and judicial processes. The FIU and the National Police play a key role in identifying suspicious assets, while the Prosecutor's Office and the Judiciary supervise judicial processes. Once the relationship between the assets and money laundering is demonstrated, legal actions can be initiated for their confiscation. These assets generally go toward reparation purposes and crime prevention.
What measures are applied to prevent the financing of terrorism in the real estate sector in Panama?
Due diligence, customer identification and reporting of suspicious transactions are applied in the real estate sector to prevent the financing of terrorism.
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