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How is the crime of tax evasion penalized in Colombia?
Tax evasion is punishable in Colombia by the Penal Code and tax regulations. Penalties can include prison and fines. The legislation seeks to guarantee compliance with tax obligations, combating evasion and ensuring equity in the tax system.
What due diligence measures should companies take in Panama?
Companies in Panama must perform due diligence on their business relationships, including verifying the identity of customers, maintaining adequate records, and reporting suspicious transactions. This applies to all companies, regardless of size or sector.
What is the impact of money laundering on the risk perception of local investors in Brazil?
Money laundering can increase local investors' risk perception by pointing out weaknesses in the integrity of the financial system and law enforcement, which can deter investment and affect the country's economic development.
How does Bolivia ensure that non-financial entities, such as lawyers and accountants, comply with AML regulations?
Bolivia establishes specific regulations for non-financial entities, requiring due diligence in their transactions and ensuring that they comply with AML regulations to prevent money laundering.
What is the position of the State of El Salvador regarding transparency and access to information related to verification on risk lists?
The State of El Salvador promotes transparency and access to information related to verification on risk lists within the framework of the fight against the financing of terrorism. Laws and regulations establish the parameters for the exchange of information between competent authorities and, in some cases, with the private sector. Transparency in the risk list verification process is essential to maintain public trust and ensure that the measures adopted are effective in preventing terrorist financing. The State's position emphasizes the importance of a clear and transparent approach to risk list verification to effectively address potential risks associated with terrorist financing.
How do tax rules apply to companies that carry out research and development activities in Ecuador?
Companies that carry out research and development activities can access tax benefits. Knowing the conditions to qualify and take advantage of these benefits is essential to foster innovation.
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