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.

Market Intelligence

Everything about exports and imports in Guatemala.

Top companies - Quantities, amounts and prices.

more info

More on this topic

Guatemala: Access to Companies Banking Information

January 2017

In February a law comes into force authorizing the lifting of bank secrecy of companies and individuals with a court order at the request of tax authorities.

Banks are preparing for the entry into force of legislation in February, modifying their processes in order to respond more quickly to requests from the Superintendency of Tax Administration (SAT).

Regulation on Banking Operational Risk Under Consultation

August 2012

The Superintendency of Banks in Guatemala is calling for public consultation on draft regulations for operational risk management for banking security.

According to an article in the intention is to regulate the minimum measures that banks must observe in the national system for managing operational risk in areas such as technology security, vaulting and customer service, among other things.

Bank Details Without a Warrant

April 2012

Banks in Costa Rica must provide customer’s banking information directly to Costa Rican Drug Institute when requested by the office.

Financial institutions must provide people’s banking data to the Financial Intelligence Unit (FIU) on request, as prescribed by executive decree. The FIU is a department of the Costa Rican Drug Institute (ICD).

Court in Costa Rica orders bank to hand over information

August 2008

Constitutional Court confirmed that banks in the country are obligated to provide their clients all information concerning their accounts.

The Court ordered the manager of the agency involved to "hand over the information requested from 30 January 2008 to the appellant, as soon as possible" after finding out that money had been taken from his account without his authorization.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

New house for sale at Costa Rica beach in Punta Leona Resort

Live at the beach in the exclusive Punta Leona Resort, a dream with shaded white sand beach, pools, restaurants, wild life. New affordable, energy efficient home.
The house - possibly the only energy efficient green...

Stock Indexes

(May 26)
Dow Jones
S&P 500


(May 26)
Brent Crude Oil
Coffee "C"