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How is cooperation between the public and private sectors promoted in the prevention of money laundering in Costa Rica?
There are cooperation mechanisms between the public and private sectors, including the efficient communication of relevant information and active participation in joint initiatives to strengthen defenses against money laundering.
What happens if the debtor is abroad during a seizure process in Colombia?
If the debtor is abroad during a seizure process in Colombia, the legal process can continue. It is possible to seize assets located in Colombian territory or financial assets held in institutions within the country. However, the process may involve the cooperation of international authorities and compliance with reciprocity agreements on legal matters.
What is the impact of financial education in promoting the diversification of income sources in Guatemala?
Financial education has a significant impact in promoting the diversification of income sources in Guatemala. By providing knowledge about different income-generating options, such as entrepreneurship, investing, and developing additional skills, financial education fosters a mindset of looking for opportunities beyond a single source of income. Financial education also teaches about financial risk management and proper financial planning by diversifying income. This helps people reduce their dependence on a single source of income and increase their financial resilience.
What are the financing options for passenger transportation infrastructure development projects using bus rapid transit (BRT) systems in Peru?
For passenger transportation infrastructure development projects using bus rapid transit (BRT) systems in Peru, there are financing options through government programs and funds, such as the National Sustainable Urban Transportation Program (PNTUS) and the Investments in Road Infrastructure and Transportation (PROVIAS). In addition, financial institutions and banks offer loans and lines of credit for BRT transportation projects. It is also possible to seek investors and investment funds interested in supporting bus rapid transport infrastructure projects in the country.
What happens if the debtor does not have enough assets to cover the debt in Peru?
If the debtor does not have enough assets to cover the debt in Peru, it is considered a situation of "property insolvency." In these cases, the debtor can negotiate with creditors to establish a payment plan or debt restructuring agreements.
What documentation must the financial institution maintain as part of KYC?
Institutions must maintain detailed records of KYC procedures and related documentation. This includes KYC forms, transaction records, identification documents and supporting documentation. Records must be retained for a specific period.
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