FAC Listings and the Magnitsky Act: implications for compliance
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FAC Listings and the Magnitsky Act: implications for compliance

Numerous reactions and inquiries have arisen regarding various news shared in public forums, indicating that individuals or legal entities have been sanctioned under the Magnitsky Act and consequently included in the Office of Foreign Assets Control (OFAC) lists. In this article, we provide a brief explanation of these matters and their relevance within corporate compliance…

Management and maintenance of the anti-money laundering prevention system in Nicaragua
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Management and maintenance of the anti-money laundering prevention system in Nicaragua

By the instructions of GAFILAT (Financial Action Task Force of Latin America), Money Laundering is “the process through which the origin of funds generated through the exercise of certain illegal or criminal activities (e.g., drug trafficking or narcotics, arms smuggling, corruption, embezzlement, white-collar crimes, extortion, kidnapping, piracy, etc.) is concealed. The objective of the operation,…

Crime prevention model in Guatemala
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Crime prevention model in Guatemala

Crime Prevention Models are useful tools to reduce the risk of occurrence of criminal acts within the institution. Their implementation is closely linked to the areas of compliance, with a focus on the criminal area. In Guatemala, the main objective of implementing a program of this nature is to avoid direct criminal sanctions to the…

Regulatory compliance for the commercialization of regulated products in Central America
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Regulatory compliance for the commercialization of regulated products in Central America

Regulatory compliance for the commercialization of products in Central America involves a series of regulations and requirements established by the countries of the region with the objective of guaranteeing the safety, quality and legality of the products that are made available to the market. Each country has its specific regulations, but there are some general…

How to implement a comprehensive compliance system in a company in Nicaragua?
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How to implement a comprehensive compliance system in a company in Nicaragua?

Under good business practices, a company can implement and design systems, policies, and procedures for the preventive control of regulatory risks of companies. Generating a culture of prevention for the sake of regulatory and procedural compliance in the operation of a company will determine the success, since it will allow an early visualization of possible…

The importance of the correct adequacy of a risk matrix in an entity in El Salvador
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The importance of the correct adequacy of a risk matrix in an entity in El Salvador

Entities – regulated entities – according to their activities, nature, size, and operations, must identify, evaluate, and understand their risks of money laundering and asset laundering (AML), financing of terrorism (FT) and the financing of proliferation of weapons of mass destruction (FPADM), with the objective of implementing controls aimed at ensuring that the identified risks…

Policies and controls to prevent money laundering in Honduras
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Policies and controls to prevent money laundering in Honduras

Having policies and controls for the prevention of money laundering is of vital importance for organizations (whether supervised or not) to avoid incurring administrative or criminal liabilities, taking into consideration that the Criminal Codes regulate this crime in its intentional and reckless modalities. Legal persons are obliged to implement policies and controls when they are…

Cybersecurity and its current importance within compliance management in Nicaragua
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Cybersecurity and its current importance within compliance management in Nicaragua

By: Daniela Matus In recent years, the operation and interconnection between companies due to the use of internet and everything related to new technologies, has increased and with it, the strengthening of cybersecurity mechanisms. Cybersecurity is understood as the practice of protecting information systems against digital attacks, being that the information of a company is…

The importance of implementing an environmental compliance program in your company in Costa Rica
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The importance of implementing an environmental compliance program in your company in Costa Rica

By: Yoser González More and more companies are showing interest, becoming informed, joining, and implementing policies, programs or compliance management models focused on environmental matters, or seeking to review or update their existing policies. But what should we understand by environmental compliance, and why is it important to implement a compliance program in the company? And…

Prevention as a form of management in Guatemala
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Prevention as a form of management in Guatemala

By: Astrid Dominguez In law, prevention is an especially valuable practice. It focuses on identifying and resolving problems before they occur, allowing us to minimize risk and ensure long-term success. By integrating prevention into management, we can improve efficiency, increase the satisfaction of our clients and leaders, and strengthen the organization’s position in the marketplace….

Criminal liability of legal representatives in Honduras
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Criminal liability of legal representatives in Honduras

By: Grossnie Velásquez Have you ever found yourself wondering about the criminal liability of legal representatives? In this article we will try to explain the different legal concepts and principles involved when it comes to the criminal liability of legal representatives. We will explore how these principles apply in various scenarios and understand their importance…

New technical regulations for risk management of money laundering, terrorist financing and financing of weapons of mass destruction in El Salvador
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New technical regulations for risk management of money laundering, terrorist financing and financing of weapons of mass destruction in El Salvador

By: Marcela Zelaya The purpose of the Anti-Money Laundering Law is to prevent, detect, sanction and eradicate the crime of money laundering, as well as its concealment, expressly stating that financial entities must adopt policies, rules and mechanisms of conduct, as well as develop and implement programs, standards, procedures and internal controls to prevent activities…