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How are sanctions related to terrorist financing addressed in the insurance sector in Panama?
In Panama, sanctions related to terrorist financing are addressed in the insurance sector through specific regulations. The Superintendency of Insurance and Reinsurance establishes regulations that ensure that entities in the sector comply with the restrictions imposed by international organizations. Supervision and control measures are implemented to prevent the participation of the insurance sector in illicit activities related to the financing of terrorist activities. This action is essential to strengthen controls in the insurance field and contribute to the prevention of terrorist financing in the country.
What tax penalties apply in case of non-compliance with tax obligations in Mexico?
Tax sanctions in Mexico for failure to comply with tax obligations may include fines, surcharges, seizure of bank accounts and assets, as well as the publication of tax debtors in the "Official Gazette of the Federation." Sanctions vary depending on the severity of the breach.
What is the approach of the executive branch in El Salvador to promote due diligence in risk management in public transportation?
Establishes safety regulations, supervises public transportation and promotes practices that minimize risks for users.
What is meant by "exposed people" in Paraguay?
In Paraguay, the term "exposed persons" refers to individuals who hold high-level public positions, including government officials, politicians and others, as well as their close family members. These people may be subject to special regulations due to their position.
Can an accomplice face civil penalties in addition to criminal penalties in El Salvador?
Yes, an accomplice may face civil penalties such as loss of rights, financial compensation, or disqualification from certain activities.
What is Bolivia's participation in international working groups to improve AML legislation and practices?
Bolivia actively participates in international working groups, contributing to the continuous improvement of AML standards and practices.
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