Guatemala: Banking Authority Launches New Agency

The Guatemalan Banking Regulator (SIB) has opened a new information office in the Quetzaltenango region.

Tuesday, August 31, 2010

The new office's objectives will be to, "supervise the financial system in order to improve economic stability, gather intelligence and information relating to money laundering, as well as provide financial education and other services to the public," the banking regulator, Édgar Barquín, told

Also present at the inauguration was Guatemalan Vice-president Rafael Espada, who commented on the benefits the new office would bring by strengthening the region's economy.

Quetzaltenango, the capital city of a region with the same name, is the second largest city in Guatemala and considered one of the most important due to the level of industrial and commercial activity undertaken there.

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