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How can individuals challenge incorrect information in their disciplinary records in Colombia?
Individuals have the right to challenge incorrect information by submitting evidence of its correctness to the appropriate entity conducting the verification.
What are the due diligence measures that financial institutions must apply when dealing with Politically Exposed Persons in Mexico?
Mexico Financial institutions in Mexico must apply due diligence measures, which include identifying and verifying the identity of Politically Exposed Persons, understanding the nature of their position or political position, continuously monitoring their financial transactions and activities, and the evaluation of the risks associated with the business relationship.
What large transaction reporting requirements apply in Guatemala in the context of AML?
In Guatemala, financial institutions must report large or unusual transactions to the Financial Analysis Unit (UAF), as part of AML requirements.
What is the responsibility of the Salvadoran State in background checks?
The Salvadoran State has the responsibility of regulating and supervising background verification processes to guarantee the integrity and accuracy of the information.
Is it possible to use the expired General Registry (RG) as an identification document in Brazil?
No, the General Registry (RG) must be current to be used as a valid identification document in Brazil. If the RG has expired, it needs to be renewed.
How is KYC education and awareness promoted among financial institutions in the Dominican Republic?
The promotion of KYC education and awareness among financial institutions in the Dominican Republic is done through collaboration between regulatory entities and the financial institutions themselves. Regulatory authorities can offer training and guidance to financial institutions on best practices in KYC and current regulations. Additionally, seminars, workshops and conferences can be organized to address KYC-related topics and share experiences between institutions. Education and awareness are key to ensuring that all financial institutions are aware of the regulations and procedures necessary to comply with KYC effectively
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