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Is there any difference in KYC requirements between financial sectors in Argentina?
Yes, KYC requirements can vary between different financial sectors in Argentina. For example, banking institutions may have specific requirements compared to exchanges or fintech platforms. It is crucial that each entity understands and complies with the particular requirements of its sector, according to the guidelines provided by the regulatory body.
How is child support regulated in cases of adult children who continue studying in Costa Rica?
In Costa Rica, legislation allows child support to be extended to adult children who continue studying, as long as they are pursuing a formal education and are financially dependent on their parents. The parents can agree to the extension of child support or the judge can make this decision, considering the particular situation.
How is due diligence applied to high-risk clients in El Salvador?
More detailed procedures are carried out and closer monitoring of their activities is carried out to mitigate the potential risk associated with these clients.
How is cooperation between public and private entities carried out in the fight against money laundering in Brazil?
Brazil In Brazil, there is close cooperation between public and private entities in the fight against money laundering. Financial institutions and other entities regulated by the Money Laundering Law must report any suspicious activity to the FIU. The FIU, in turn, shares information with the organizations in charge of investigating and prosecuting crime, thus facilitating cooperation between the public and private sectors.
What are the laws that govern the liability of the directors of a company in Panama?
The liability of directors is governed by company laws, which establish fiduciary duties, responsibilities and standards of conduct to ensure adequate corporate governance.
What sanctions apply to institutions that illegally access or use judicial records in El Salvador?
Institutions that illegally access or use court records may face significant fines, loss of licenses or authorizations, and possibly criminal prosecution.
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