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What sanctions apply to entities that do not carry out risk assessments periodically in El Salvador?
They may face financial fines and regulatory audits for failing to regularly carry out risk assessments to prevent money laundering.
How does Panamanian legislation address the confidentiality of information during the risk list verification process?
Panamanian legislation addresses the confidentiality of information during the risk list verification process. Law 23 of 2015 establishes provisions for the protection of sensitive information collected during due diligence, ensuring its confidentiality. Financial institutions are required to implement controls and safeguards to prevent unauthorized access to this information. Confidentiality is crucial to ensure the integrity of the process and protect client privacy, while complying with international standards in the fight against money laundering and terrorist financing.
How is the information provided by clients verified in the KYC process in El Salvador?
Verifying information provided by clients in the KYC process in El Salvador involves the use of various sources, such as government records, databases, document verification and, in some cases, interviews with clients.
What is imputability in the Brazilian criminal system?
Imputability refers to the ability of a person to be considered criminally responsible for their actions, which is determined by their mental capacity and their degree of understanding and will at the time of committing a crime, as established by the Brazilian Penal Code.
How has the economic crisis affected investment in science, technology and innovation in Venezuela?
The economic crisis has affected investment in science, technology and innovation in Venezuela, with a lack of resources, a shortage of qualified human talent, and a lack of scientific and technological promotion and development policies. This has generated stagnation in research and innovation, with a decrease in the country's competitiveness and technological development.
How is gender equity ensured in the management of risks related to PEP, especially in leadership and decision-making positions in government entities and private organizations in Colombia?
Guaranteeing gender equity in the management of risks related to PEP in Colombia implies the promotion of diversity in leadership and decision-making positions. The aim is to ensure that women have equal opportunities and are represented in key roles. Implementing gender equality policies and fostering inclusive environments are essential. Diversity in decision-making not only contributes to more robust risk management by considering a variety of perspectives, but also reflects the values of equity and justice in Colombian society.
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