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How is the participation of lawyers and legal professionals in financial transactions in Costa Rica regulated to prevent the involuntary facilitation of money laundering, and what are the sanctions provided by law?
The participation of lawyers and legal professionals in financial transactions in Costa Rica is regulated to prevent the involuntary facilitation of money laundering. Laws establish due diligence and suspicious transaction reporting requirements. Penalties for noncompliance may include license revocation and disciplinary action, ensuring accountability for legal professionals.
What is the approach of the KYC law in relation to privacy?
The KYC law seeks to balance the need to collect information with the protection of customer privacy, following specific personal data handling regulations.
Are there specific regulations to protect vulnerable tenants in El Salvador?
Yes, some laws may offer special protections to certain groups such as low-income families or seniors.
What measures are applied to prevent the financing of terrorism in the real estate sector in Panama?
Due diligence, customer identification and reporting of suspicious transactions are applied in the real estate sector to prevent the financing of terrorism.
What financial information is collected about Politically Exposed Persons in Mexico?
Mexico Financial institutions in Mexico collect detailed information about Politically Exposed Persons' financial transactions, such as deposits, withdrawals, transfers, investments, and acquisitions of assets and property. The origin of the funds is also analyzed and it is verified if there are signs of illicit financial activities.
How are sales contracts that involve goods subject to security regulations addressed in Guatemala?
Sales contracts involving goods subject to safety regulations in Guatemala may require specific provisions to ensure compliance with safety regulations. This may include product certification, testing requirements, and liability for defective or dangerous products.
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