Category Archives: Regulatory Compliance, Prevention and Risk Management
At BLP, Blog, Business Law, Costa Rica, Public Law, Public Procurement & Regulation, Regulatory Compliance, Prevention and Risk Management
Newsflash Guatemala | Constitutional Court Confirms Obligation to Report Beneficial Ownership before the General Registry of State Procurement (RGAE)
Apr
The Constitutional Court of Guatemala declared inadmissible the action of unconstitutionality filed against provisions of Government Agreement 133-2024. With this ruling, the obligation to identify the beneficial owner remains in force for all individuals and legal entities seeking to register, update, or remain in the General Registry of State Procurement (RGAE). As a result, the…
Blog, Costa Rica, El Salvador, Ethics & Anti-Corruption, Guatemala, Honduras, News, Nicaragua, Regulatory Compliance, Prevention and Risk Management
Reorientation in the Enforcement of the FCPA: New Guidelines Establish Priorities for Latin America
Jun
Reorientation in the Enforcement of the FCPA: New Guidelines Establish Priorities for Latin America After months of uncertainty following the temporary suspension of the enforcement of the Foreign Corrupt Practices Act (“FCPA”), the U.S. Department of Justice issued new guidelines that resume its implementation, this time with an approach that may lead to increased scrutiny…
Banking & Finance, Blog, El Salvador, News, Regulatory Compliance, Prevention and Risk Management
Major Changes to El Salvador’s Bitcoin Law
Feb
On January 30, 2024, Legislative Decree No. 199 was published in the Official Gazette, introducing amendments to the Bitcoin Law (the “Reform”). The primary goal of the Reform is to enhance Bitcoin’s implementation in response to the people’s needs. The most significant amendments include: Legal Tender Status: References to Bitcoin as a legal tender have…
Blog, Business Law, El Salvador, News, Regulatory Compliance, Prevention and Risk Management
New Guidelines in El Salvador for Foreign Investors
Feb
On February 14. 2025, Agreement No. 096 of the Attorney General Office was published in the Official Gazette No. 446, whereby the Guidelines for the Determination of Risk Categories for Clients to Facilitate la Opening of Bank Deposit Accounts and the Performance of Financing Transactions involving Foreign Investors and Salvadorans located abroad (“Guidelines”), which are…
Anti-money Laundering Compliance, Blog, El Salvador, News, Regulatory Compliance, Prevention and Risk Management
Amendments to the Instructions for the Prevention, Detection, and Control of Money and Asset Laundering, Financing of Terrorism, and Financing of the Proliferation of Weapons of Mass Destruction.
Sep
On September 5, 2023, through agreement 476 of the Attorney General’s Office of the Republic of El Salvador, reforms for the Instructive for Prevention, Detection and Control of Money and Asset Laundering, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction were approved, such reforms will come into effect 8 days after…
Analysis, Blog, Business Law, Costa Rica, Regulatory Compliance, Prevention and Risk Management
Corporate obligations guide Central America 2022
Jan
Learn about the annual obligations that apply to your companies in each Central American countries. At BLP we can help you to ensure compliance in each country. Download each of the dates in the electronic calendar of your preference. Do not miss any of these dates and avoid fines and penalties. Corporate Obligations Guide 2022…
Analysis, Blog, Business Law, Costa Rica, Regulatory Compliance, Prevention and Risk Management
Company obligations guide 2022
Jan
Learn about your annual compliance obligations in Costa Rica. Applies to all companies registered in Costa Rica, whether active or inactive. Due date for filing and payment: January 31st 2022. Last day for receiving funds at BLP: January 25, 2022. The annual amount to be paid by companies depends on the gross income declared in…
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