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What is the approach to due diligence in telecommunications infrastructure projects in rural areas of Colombia, considering connectivity, digital inclusion and the socioeconomic impact on remote communities?
In telecommunications infrastructure projects in rural areas of Colombia, due diligence focuses on connectivity to reduce the digital divide, foster digital inclusion, and evaluate the socioeconomic impact that infrastructure can have in remote communities. This ensures that telecommunications infrastructure comprehensively benefits these areas.
How are clients classified according to risk under KYC in Panama?
Under the KYC framework in Panama, clients are classified according to risk into three categories: low risk, medium risk and high risk. This classification determines the level of due diligence that financial institutions must apply to each client and their transactions.
What is the approach to preventing money laundering in the insurance sector in Bolivia, given the complexity of financial transactions in this area?
Bolivia establishes specific measures for the insurance sector, including the verification of beneficiaries and the evaluation of the legitimacy of transactions to prevent money laundering in the complex insurance financial environment.
How is corporate social responsibility (CSR) promoted in compliance in Chile?
Corporate social responsibility (CSR) is promoted in Chilean compliance through ethical business practices, respect for human rights, care for the environment, and contributions to the community. Companies can incorporate CSR principles into their compliance policies to create a positive impact on society. This may include social responsibility programs, donations to charities, and socially responsible business practices.
Is any type of continuous monitoring of the financial activities of Politically Exposed Persons carried out in Panama?
Yes, in Panama there is continuous monitoring of the financial activities of the PEPs. Financial entities, together with the Financial Analysis Unit (UAF), regularly monitor PEP transactions and fund movements to detect suspicious or unusual patterns that may indicate possible cases of corruption or money laundering.
What is the impact of the child support quota in cases of adult children who are still studying in Colombia?
In cases of adult children who are still studying in Colombia, the court may continue to require an alimony fee if the alimony continues to depend financially on their parents. Additional costs associated with higher education will be considered. It is essential to document and legalize these agreements to avoid misunderstandings and future disputes, and to ensure continued access to food education.
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