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What is the procedure for the review and approval of exceptions or special situations related to clients identified as PEP in El Salvador?
Specific procedures are followed that involve the review and approval of cases that do not fit established criteria, ensuring compliance with regulations.
How is the gap in access to justice between urban and rural areas in Costa Rica addressed?
To address the access to justice gap, strategies such as the decentralization of judicial services and the improvement of legal infrastructure in rural areas of Costa Rica are implemented.
How are background checks handled for contractors and suppliers in Colombia?
Companies often extend background checks to contractors and suppliers, especially if they have access to sensitive information. This ensures security in all business interactions.
What is the retention period for criminal record records in Panama?
Criminal records in Panama are usually kept for a certain period before being deleted or destroyed, depending on the applicable legal regulations.
Are there incentives or sanctions established by the State of Panama to encourage linked compliance with due diligence measures in transactions to Politically Exposed Persons (PEP)?
Yes, the State of Panama establishes incentives and sanctions to encourage linked compliance with due diligence measures in transactions to Politically Exposed Persons (PEP). Incentives may include recognition and benefits for those institutions that demonstrate a high level of compliance. On the other hand, sanctions, such as fines and penalties, are applied to entities that do not adequately comply with the regulations. These mechanisms seek to ensure that institutions have a strong incentive to effectively implement and maintain PEP-related money laundering and terrorist financing prevention measures.
What is the Criminal Procedure Code in Peru and what is its importance?
The Criminal Procedure Code is a law that establishes the rules and procedures for criminal cases in Peru, guaranteeing due process.
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