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What role does the National Commission against Money Laundering play in Panama?
The National Commission against Money Laundering is an inter-institutional entity that coordinates and promotes the fight against money laundering in the country.
How do double tax treaties affect Ecuadorian companies?
Ecuador has agreements to avoid double taxation with several countries. These treaties may affect the withholding of taxes on income generated abroad.
What is the process to obtain a work permit for foreign personnel in the construction sector in Panama?
The process to obtain a work permit for foreign personnel in the construction sector in Panama involves the employer submitting an application to the National Immigration Service. You must provide information about the foreign employee, such as their personal identification, employment contract, and proof of financial solvency. In addition, the requirements established by the immigration law and labor regulations must be met, such as the preference for hiring Panamanian labor and verification of the worker's immigration status. The National Immigration Service will evaluate the application and, if approved, the work permit will be issued for foreign personnel in the construction sector.
How is Panamanian legislation applied in cases of complicity in cybersecurity crimes?
Panamanian legislation is applied in cases of complicity in cybersecurity crimes by recognizing intentional collaboration in illegal activities related to technology and computing. The laws establish specific sanctions for accomplices in cybersecurity crimes, seeking to effectively prevent and punish complicity in practices that threaten digital security in Panama.
How does KYC influence the financial inclusion of marginalized sectors in Argentina?
KYC can influence the financial inclusion of marginalized sectors in Argentina in several ways. Implementing simplified KYC procedures and accepting alternative documents can facilitate the participation of individuals who might have traditionally been excluded. Additionally, financial institutions often collaborate with government and non-government organizations to address specific barriers and promote financial inclusion effectively.
How is transparency in the ownership of companies in Panama promoted to prevent money laundering?
In Panama, measures have been implemented to promote transparency in company ownership and prevent money laundering. This includes the creation of a Public Registry of Final Beneficiaries, where information about the final beneficiaries of companies is recorded and ensures that said information is available to the competent authorities. In addition, due diligence requirements for the identification and verification of the final beneficiaries of companies have been strengthened.
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