Guatemala introduces a financial panic bill
Guatemala's legislature has introduced a bill that would criminalize persons who start rumors about financial problems in the national banking system.
Wednesday, June 25, 2008
Monetary authorities have been invited to clear up questions that some deputies from the Legislation Commission have expressed about how the crime of financial panic will be defined.
It sanctions those who provide false information about the financial situation of the banks in country.
A bill prepared by the Bank of Guatemala aims to stimulate the domestic market and strengthen it as a regional financial center.
Different fields of professionals have entered a Resource of Unconstitutionality against Law 588, the "General law of Professional Associations and Professional Practice." The law was approved by the National Assemblyand passed on Jan. 14.
The amendment to the Law on Promotion and Regulation on the Use of Credit Cards (Act 515) would not prosper.
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