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What legal consequences could employees of a financial institution face for failure to comply with AML regulations in El Salvador?
Employees could face legal action if they are proven to have participated or been complicit in activities that violate AML regulations, which may result in criminal charges or civil actions.
What is the role of due diligence in preventing labor exploitation in Guatemalan supply chains?
Due diligence includes evaluating suppliers' working conditions to prevent labor exploitation.
Can an embargo affect assets that are owned by a corporation in Argentina?
Yes, the assets of a corporation can be seized in the event of the entity's debts, affecting its assets and operations.
What happens if a support debtor dies in Costa Rica and still owes support?
If a support debtor dies in Costa Rica and still owes support, the obligation is not automatically extinguished. Alimony remains a debt of the debtor's estate and compliance must be sought through probate and inheritance. The beneficiaries can claim payment of the debt.
What roles do private companies have in intermediation between landlords and tenants in El Salvador?
They can act as real estate agents, facilitating the process of searching and selecting properties to rent.
Can audits and reviews of the KYC process be carried out in Costa Rica?
Yes, audits and reviews of the KYC process can be carried out in Costa Rica. SUGEF and other regulatory authorities have the power to carry out inspections and assessments of financial and regulated entities to verify KYC compliance. In addition, institutions themselves often carry out internal audits to ensure that legal requirements are met.
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