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What are the risk indicators used to identify PEPs in Peru?
Risk indicators to identify PEPs in Peru may include government position, frequency of financial transactions, ownership of luxury goods, and political activity.
What measures can companies take to avoid sanctions in the workplace in Panama?
Companies can avoid sanctions in the workplace in Panama by implementing clear labor policies, continuous staff training, rigorous compliance with regulations, and adopting practices that promote a fair and safe work environment.
Is any periodic evaluation carried out on the corruption and money laundering prevention system related to Politically Exposed Persons in Panama?
Yes, periodic evaluations of the corruption and money laundering prevention system related to PEPs in Panama are carried out. These evaluations can be carried out by international organizations, such as the Financial Action Task Force (FATF), and by national institutions in charge of supervising and controlling policies to prevent and combat corruption.
Can the seizure in Panama apply to property or assets used for the exercise of a legally protected profession, such as a lawyer or doctor?
In Panama, the embargo generally does not apply to property or assets necessary for the exercise of a legally protected profession, such as a lawyer or doctor. These goods or assets may be exempt from seizure depending on the applicable legislation and the importance of guaranteeing the proper exercise of the profession for the benefit of society. However, it is necessary to consult the specific laws and regulations related to each profession.
How are specific KYC needs addressed for clients engaging in sustainable or ethical financial activities in Argentina?
Specific KYC needs for clients engaging in sustainable or ethical financial activities in Argentina are addressed by incorporating additional criteria into the verification process. Financial institutions can request specific information related to sustainable activities, such as transparency in socially responsible investments. In addition, the integration of sustainability practices in the KYC principles is promoted, reflecting the financial sector's commitment to social and environmental responsibility.
What review mechanisms exist to challenge or appeal a judicial decision registered in a file in Panama?
Parties to a case may file appeals or legal writs to challenge a court decision and request that it be modified or overturned.
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