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What is "reputational risk" and how does it relate to money laundering in Peru?
Reputational risk refers to the possibility that an entity or country will suffer damage to its reputation and trust due to its participation or association with illicit activities, such as money laundering. In Peru, money laundering can have a significant impact on the reputational risk of financial institutions, companies and the country itself. This can negatively affect your image, business relationships, access to international financing and trust of customers and business partners.
What is the contract of transportation in Mexican commercial law?
The transportation contract is one in which one party undertakes to transfer people or goods from one place to another, in exchange for a price, and is regulated by the Commercial Code and other specific laws.
How are customer privacy concerns addressed in the KYC process in Paraguay?
Regulations often incorporate measures to protect customer privacy during the KYC process in Paraguay, complying with privacy laws.
How is confidentiality guaranteed during internal compliance investigations in Argentine companies?
During internal investigations, confidentiality is ensured by establishing strict protocols. Access to information is limited only to people necessary for the investigation, and technological and physical security measures are implemented to prevent information leaks.
What role do private companies in El Salvador have in the implementation of electronic government systems for procedures?
Companies can collaborate by providing expertise in designing friendly interfaces, providing feedback on usability and accessibility, among others.
What measures should financial institutions take when identifying a client as a PEP in El Salvador?
Financial institutions must apply additional due diligence and continuous monitoring measures to clients identified as PEP in El Salvador.
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