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How does Panama ensure that financial institutions apply due diligence measures with politically exposed persons (PEP)?
Panama ensures that financial institutions apply due diligence measures with politically exposed persons (PEP) by imposing legal requirements. Financial institutions should carry out specific due diligence procedures when dealing with PEPs, ensuring they properly identify and monitor these relationships.
What is the process to dissolve a de facto union in Peru?
The process to dissolve a de facto union in Peru involves filing a lawsuit before the competent family judge. It must be demonstrated that the de facto union has lost its validity or that there is just cause for its dissolution. The judge will evaluate the arguments and make a decision on the dissolution and the corresponding legal effects.
How do you address situations where a client moves or changes address in the Dominican Republic?
When a customer moves or changes address in the Dominican Republic, financial institutions may request to update KYC information. This may include submitting new proof of address and verifying the new address. Keeping information up to date is essential to comply with KYC regulations and ensure the accuracy of customer data.
What is the fintech panorama in the Dominican Republic?
The fintech sector is experiencing growth in the Dominican Republic. Fintech companies offer innovative financial solutions through technology, such as mobile payments, online loans, digital investments and financial management services. These companies are changing the way people access and manage their financial services.
How does financing through debt instruments affect the fiscal record in Colombia?
Financing through debt instruments may have tax implications in Colombia. Interest paid on debt may have specific tax treatments, and the structure of the financing may affect the tax burden. Taxpayers should consider financing strategies that optimize tax position, such as the efficient use of deductible interest and capital structure management. Specialized financial and tax advice is valuable in managing financing through debt instruments.
What is the paternity recognition process in cases of parents who refuse to recognize their children in Peru?
The paternity recognition process in cases of fathers who refuse to recognize their children in Peru can be initiated by the mother or the child themselves. A lawsuit can be filed with the family judge, and the alleged father will be subpoenaed for paternity testing, such as DNA testing.
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