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How is the responsibility of financial institutions regulated in Panama?
The responsibility of financial institutions in Panama is regulated by laws that establish standards of conduct and supervision to guarantee the stability and integrity of the financial system.
What is the deadline to request the modification of a compensatory pension regime sentence in Costa Rica?
The deadline to request the modification of a compensatory pension regime sentence in Costa Rica is variable and depends on the circumstances. It is recommended to submit the application as soon as there is a substantial change in the economic or personal conditions of the parties involved.
What is the protection of the rights of people in situations of gender violence in Panama?
In Panama, the importance of protecting and guaranteeing the rights of people who suffer gender violence is recognized. There are laws and protection mechanisms that seek to prevent, punish and eradicate violence against women, including domestic violence, sexual harassment and feminicide. Comprehensive care measures, psychological support, access to justice and awareness and prevention programs are promoted.
What due diligence requirements must lawyers in Panama meet?
Lawyers in Panama are subject to AML regulations and must perform due diligence regarding their clients. This involves verifying the identity of clients, maintaining proper records, and reporting suspicious transactions to the UAF. Lawyers must also comply with confidentiality obligations, but must make exceptions when it comes to suspected money laundering activity.
How is the selection process managed in multinational companies with operations in Ecuador?
In multinational companies, the selection process can be aligned with global policies, but also adapt to Ecuador's specific work culture and laws to ensure local compliance and effective integration.
How are situations where customers change their locations or move abroad addressed under KYC in Argentina?
When customers change their locations or move abroad in Argentina, the KYC process involves an update of information. Financial institutions typically require customers to report any changes in their situation and provide updated documents as necessary. This ensures that customer information is up-to-date and meets regulatory requirements, even when customers are in different locations.
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