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What is the impact of internet fraud on financial inclusion in Mexico?
Internet fraud can hinder financial inclusion in Mexico by creating distrust in digital financial services and discouraging people from using them.
How is income generated by the export of goods and services from Ecuador taxed?
Export earnings may have tax benefits. Knowing the applicable exemptions and fees, as well as reporting obligations, is essential for export-oriented companies.
What is the difference between tax evasion and tax avoidance and how are they treated in tax records in Guatemala?
Tax evasion and tax avoidance are different concepts in Guatemala. Evasion involves the intentional failure to pay taxes through illegal practices, while avoidance involves legal strategies to minimize the tax burden. Both are considered in the tax record, but evasion can result in harsher penalties. Circumvention, as long as it is legal, is an accepted practice.
How is confidential information handled within the KYC framework according to Panamanian law?
Panamanian legislation, in particular Law 23 of 2015, establishes measures to handle confidential information within the KYC framework. Financial institutions must implement internal controls and security measures to ensure the confidentiality of information collected during the KYC process, preventing its unauthorized disclosure.
What is the impact of money laundering in the construction sector in Venezuela?
Money laundering can have a significant impact on the construction sector in Venezuela. Illicit funds from money laundering can infiltrate legitimate construction projects, distorting competition and putting companies that operate legally and ethically at a disadvantage. Furthermore, money laundering in the construction sector can compromise the quality of works and put the safety of structures at risk, thus affecting infrastructure and the well-being of society in general.
How is the seizure of assets regulated in Guatemala in cases of debts derived from funeral service contracts?
The seizure of assets in Guatemala for debts derived from funeral service contracts is governed by the Civil and Commercial Procedure Code and the laws on contracts and funeral services. Companies that provide funeral services can request the seizure of the debtor's assets in the event of non-payment. It is essential to follow legal procedures, properly notify the debtor and obtain the appropriate court order to ensure the legality of the seizure.
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