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What are the regulations on rehiring previously laid-off employees in Ecuador?
Regulations on the rehiring of previously dismissed employees in Ecuador establish conditions and deadlines to avoid improper practices by employers.
Do KYC regulations apply to non-financial transactions?
Yes, KYC regulations also apply to real estate, commercial transactions and other economic operations subject to anti-money laundering regulations.
How can financial institutions ensure informed customer consent to collect KYC data?
They must provide clear information about the purpose of data collection, intended use and the customer's rights over their information, requesting their explicit consent.
What is considered market manipulation in Colombia and what are the associated penalties?
Market manipulation in Colombia refers to illegal actions aimed at influencing the price or demand for securities or financial instruments in the market, such as spreading false information or carrying out fraudulent transactions.
How is transparency in financial transactions promoted to prevent the financing of terrorism in El Salvador?
The promotion of transparency in financial transactions in El Salvador is achieved through regulations that require adequate documentation of transactions, due diligence in customer identification, and the implementation of efficient monitoring systems. These measures contribute to the early detection of suspicious activities.
What are the laws and sanctions related to the crime of corruption in Chile?
In Chile, corruption is considered a crime and is punishable by the Penal Code and Law No. 20,880 on Criminal Liability of Legal Entities. This crime involves the improper use of public or private positions to obtain personal benefits or harm the general interest. Sanctions for corruption can include prison sentences, fines, and disqualification from holding public office.
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