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What is the legal framework in Costa Rica for human trafficking for labor exploitation?
Human trafficking for labor exploitation is punishable by law in Costa Rica. Those who engage in human trafficking, whether by recruiting, transporting, or subjecting people to conditions of forced labor or labor exploitation, may face legal action and criminal penalties, including prison terms and fines.
What is the role of the Money Laundering Coordination Unit (UCLA) in preventing money laundering in Chile?
The Money Laundering Coordination Unit (UCLA) in Chile plays an important role in preventing money laundering. This unit, attached to the Public Ministry, coordinates and facilitates collaboration between the different organizations and entities in charge of preventing and prosecuting money laundering crimes. Additionally, UCLA promotes international cooperation, information exchange and training in the area of money laundering.
How are transactions carried out through electronic payment systems monitored to prevent money laundering in El Salvador?
Detailed controls and analysis are implemented on electronic transactions to detect suspicious money laundering patterns.
Can a Guatemalan bank or financial institution open anonymous accounts?
Financial institutions in Guatemala cannot open anonymous accounts. They must verify the identity of customers and maintain proper records of these accounts. Opening anonymous accounts would facilitate money laundering and is a prohibited practice.
Who should carry out due diligence in El Salvador?
Financial institutions, such as banks, exchange houses, and other entities regulated by the SSF, are responsible for carrying out due diligence processes.
How are suspicious transactions related to terrorist financing monitored in Panama?
Financial institutions must monitor transactions for suspicious activities and report them to the Panama UAF.
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