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What is Bolivia's policy regarding the licensing and supervision of casinos in the context of preventing money laundering, considering the cash nature of these operations?
Bolivia has a robust policy on the licensing and supervision of casinos to prevent money laundering. Extensive screenings are conducted before licensing is granted, including background checks and compliance checks. Constant supervision ensures regulatory compliance, especially in cash operations, thus reducing the risk of money laundering in the casino sector.
What type of information must financial institutions report on PEP transactions in El Salvador?
Financial institutions must report suspicious transactions and unusual financial movements of PEPs to the FIU.
What measures have been taken to prevent money laundering in the energy sector in Chile?
Chile has implemented specific regulations to prevent money laundering in the energy sector, including the identification of parties involved in energy projects and due diligence in commercial transactions.
Can a company require testing for HIV or any other disease during the selection process?
No, requiring specific medical tests, such as HIV, is prohibited as it constitutes a violation of privacy and an act of discrimination.
What documentation is required for due diligence?
In Chile, the necessary documentation may include contracts, financial statements, audit reports, environmental reports, tax records, legal documents and any information relevant to the transaction.
What are the activities that are considered money laundering in Ecuador?
In Ecuador, money laundering is considered any act that aims to hide or disguise the illicit origin of funds, including the conversion, transfer, acquisition or possession of assets from criminal activities.
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