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What are the key components of customer due diligence in Costa Rica?
Customer due diligence in Costa Rica includes several key components, such as identifying the customer and their beneficial owners, collecting information on the occupation and origin of funds, reviewing transactions, and submitting suspicious transaction reports ( STR) when necessary. It may also involve continually evaluating the customer relationship to detect unusual or suspicious activity. The specific components may vary depending on the type of entity and the nature of the relationship.
How are the risks associated with foreign currency transactions addressed in the prevention of money laundering in the Dominican Republic?
The risks associated with foreign currency transactions in the prevention of money laundering in the Dominican Republic are addressed through specific regulations and control measures. Financial institutions and mandated professionals must apply enhanced due diligence on foreign currency transactions, including verifying the source of funds and customer identification. In addition, additional controls and reports are carried out on high-value transactions in foreign currency. The aim is to detect money laundering activities that may use foreign currency transactions to hide the source of illicit funds. These measures are essential to prevent foreign currencies from being used in money laundering activities in the Dominican Republic.
How are anti-money laundering measures integrated into the regulatory framework of non-banking financial institutions in Bolivia?
Bolivia integrates anti-money laundering measures into the regulatory framework of non-banking financial institutions. Specific compliance requirements are established, including due diligence procedures and reporting of suspicious transactions. Constant supervision by the Financial Investigations Unit (FIU) ensures the effective application of these measures in all financial institutions, regardless of their banking or non-banking nature.
How long does it take to obtain judicial records in Panama?
The time it takes to obtain judicial records in Panama can vary. Generally, the process can take several business days, depending on the workload of the Judicial Records Office.
How is identity verified in the process of applying for work visas in Panama for foreigners?
Foreigners applying for work visas in Panama must verify their identity and meet immigration requirements to work legally in the country.
How has the economic crisis affected public transportation infrastructure in Venezuela?
The economic crisis has affected the public transportation infrastructure in Venezuela, with a lack of investment in maintenance, a shortage of spare parts and deterioration of transportation units. This has generated accessibility problems, long waits and unsafe conditions for users, affecting the mobility of the population and the economic development of the country.
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