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What impact does money laundering have on investment in research and development in Brazil?
Money laundering can affect investment in research and development by diverting financial resources towards illicit activities instead of innovative and technological projects, which can limit the growth and competitiveness of the Brazilian economy in the long term.
What is the legal framework that regulates the embargo in Costa Rica?
The legal basis that regulates the embargo in Costa Rica is found mainly in the Civil Procedure Code and the Law on the Execution of Alimony Pensions. These legal frameworks establish the procedures, deadlines and requirements to carry out seizures legally and fairly. The Civil Procedure Code details the steps to follow in a judicial process, while the Alimony Enforcement Law focuses on specific situations. Both bodies of law seek to balance the rights of creditors with the protection of the rights of debtors.
How is the due diligence process carried out in the AML context?
Due diligence involves verifying the identity of customers, assessing the risks associated with a transaction, and continuously monitoring activity to detect unusual patterns that could indicate money laundering.
How is the filiation of a child established in Peru?
The filiation of a child is established by the voluntary declaration of the parents in the Civil Registry or by court decision in case of controversy. It can also be established through assisted reproduction techniques with the consent of the parents.
What is the importance of due diligence in regulatory compliance for commercial transactions in Colombia?
Due diligence is crucial in commercial transactions in Colombia to evaluate and mitigate risks. This involves vetting business partners, suppliers and customers to ensure they comply with applicable regulations. Lack of due diligence can expose the company to significant legal and financial risks.
How is data privacy managed within the KYC framework in Argentina in the digital age?
Managing data privacy under KYC in Argentina in the digital era involves rigorous compliance with data protection laws and the implementation of advanced digital security measures. Financial institutions must ensure that data collection and handling comply with local regulations, while applying cybersecurity practices to protect customer information against digital threats.
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