In the competitive retail market, in-store analytics helps retailers to better monitor and understand their customers while providing valuable information on the actual point-of-sale performance.
This type of analytics has become an indispensable part of the operational strategy of brick & mortar retail stores. Its benefits can also be reflected in other areas, such as marketing, merchandising, and fraud prevention.
Big data analytics is an effective solution for identifying behavioral patterns and establishing strategies to help detect and prevent fraud in various business sectors.
Most companies are not aware of the information they have and how to leverage, analyze and understand it, which can result in the loss of a large amount of potentially useful data by normalizing fraud and other criminal activities in their processes and make them difficult to prevent and detect.
The company "MICARRO SV" is accused of not delivering the vehicles to a group of consumers who had already paid for them.
The consumers "paid large sums of money" to the company Inversiones Latinoamericanas, S.A. de C.V., (COINVERLAT, S.A. de C.V.) and Cristian Javier Pineda Reyes, who operated the company "MICARRO SV", reported the Consumer Defense Office.
In Costa Rica there has been an increase in reports of complaints about calls and emails in which data such as account numbers and passwords are requested, purportedly by financial institutions.
From a statement issued by the Central Bank:
The Central Bank of Costa Rica (BCCR) wishes to warn the general public about an increase in scams, both by telephone and e-mail, in which unscrupulous people pretend to be officials from this institution, with the purpose of obtaining data such as bank account numbers and access codes.
It is estimated that in 2015 illicit trade and customs fraud added up to $2.2 billion, equivalent to 3.5% of GDP.
Cereals, animals, meat and meat products, bakery products, sugar, macaroni and noodles, dairy, alcoholic beverages and textiles topped the list of products most affected by illegal trade, according to a study by ASIES.
The Superintendency of Securities may provide access to bank information when investigations because of breaches are carried out in the stock market.
The decree took effect on December 17, 2016, and states that when the Superintendency of Securities (SMV) requires information on bank depositors and liabilities, this will be requested through the Superintendency of Banksof Panama. In addition, the two regulators signed a memorandum of understandingto facilitate exchange of information.
Aguilar Castillo Love is a leading international law firm with offices in Central America and Ecuador.
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America
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The new charges of tax evasion against Aceros de Guatemala demonstrates how the cumbersome procedures for receiving tax returns foster dishonesty among officials and businessmen.
The Justice Department and the International Commission against Impunity in Guatemala have accused the company Aceros de Guatemala of committing tax fraud and customs fraud offenses, worth more than the $33 million, and which could be linked to the of customs fraud network dismantled a few months ago known as "The Line".
As part of a fraud investigation, the temporary closure has been ordered for ten stores belonging to Panama's Grupo Wisa, which operates in the Guatemalan airport under the La Riviera brand.
The order given by the public prosecutor of Guatemala is part of an open investigation for fraud and involves the temporary closure of ten branches and a warehouse belonging to the company Tiendas Libres de Guatemala S.A., known as La Riviera.
The Guatemalan president will stand trial on charges of conspiracy, bribery and special case of customs fraud.
Judge Miguel Angel Galvez issued an indictment against former President Otto Perez Molina, after analyzing the evidence presented by the prosecution and the International Commission against Impunity (CICIG).
".. In issuing his ruling the Judge of B Court for High Risk Cases, Miguel Angel Galvez, issued an order of remand, and the MP is asking for bail. "
With the resignation of Pérez Molina and Alejandro Maldonado sworn in as president, the institutional crisis should moderate in its intensity.
From a statement by AmCham Guatemala:
After several months of political uncertainty in Guatemala it has been demonstrated that nobody is above the law and that the country's institutions are able to perform their job.
The Constitutional Court has found that the evidence presented by the prosecution is enough to have Congress to decide whether or not to remove immunity from the president.
The decision to lift the immunity of President Perez Molina so that he may face corruption charges now lies with the legislature. The component members of The Inquiry Commission will have to investigate based on the evidence presented by prosecutors, and then make a plenary decision.
In the view of the private sector the decision taken by President Perez Molina to remain in his position contributes to the further deterioration of the country's image, at a time when the economy is showing signs of stability.
Just as the decision by the Public Ministry and the International Commission Against Impunity (CICIG) to conduct an investigation was applauded by the Guatemalan business sector, the president's decision to remain in office has not been well received and has caused deep concern, mainly because of the negative impact it has on the country as a destination for foreign investment.
The Public Ministry of Guatemala believes it is "likely" that President Otto Perez Molina was involved in the customs fraud network known as "La Línea" and has called for his impeachment in the Supreme Court.
The International Commission Against Impunity (CICIG) and the Public Prosecutor filed a request to lift the immunity of President Otto Perez Molina and to carry out a formal investigation based on the evidence which has been gathered.
Growing institutional weakness in several countries of the isthmus brings to the forefront the responsibility of the business sector to keep the economy of this region moving forward.
EDITORIAL
Currently, the governments of several Central American countries are showing signs of weaknesses which - to different degrees- point to a sharp decline in institutional quality.
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