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What type of corrective actions can financial institutions take to remedy KYC non-compliance?
They can implement internal changes, reinforce policies and procedures, allocate additional resources for regulatory compliance, and collaborate with authorities to remedy identified deficiencies.
How are corruption crimes addressed in Costa Rica?
Corruption crimes in Costa Rica are addressed through legal and law enforcement measures. Corruption can involve bribery, nepotism, embezzlement and other illegal acts that undermine the integrity of public and private institutions. Costa Rica has specific laws that punish corruption and promote transparency in government. The institutions in charge of combating corruption work on investigations and prosecutions of corrupt acts. Civil society and the media also play a role in monitoring and exposing corruption.
What measures are being taken to address the humanitarian crisis in Venezuela?
The humanitarian crisis in Venezuela has led to the implementation of measures both nationally and internationally, including the distribution of humanitarian aid, food programs and emergency medical care. However, the response has been insufficient to address the needs of the population as a whole.
How are disputes resolved in a sales contract in Ecuador?
In the event of disputes, the parties may resort to mediation, arbitration or, ultimately, the Ecuadorian courts. It is advisable to include dispute resolution clauses in the contract, specifying the preferred method and the applicable jurisdiction.
What measures have been implemented in the Dominican Republic to prevent money laundering in the energy sector?
In the Dominican Republic, measures have been implemented to prevent money laundering in the energy sector. Companies in the sector are required to comply with regulations and standards that include due diligence in transactions, identification of customers and suppliers, and the submission of suspicious transaction reports. In addition, supervision and cooperation with authorities is promoted to detect and prevent the use of the energy sector in money laundering activities.
What is the geography of Brazil?
Brazil is the largest country in South America and has a wide variety of landscapes, including the Amazon rainforest in the north, mountains in the southeast, extensive plains in the central west, and beaches in the east and northeast.
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