In Guatemala, 10% of banking operations are currently handled by banking agents.
Fernando Quiñónez interviewed Herbert Hernández from G&T Continental for Siglo21.com.gt on the importance of banking agents to the Guatemalan economy, which have handled transactions worth more than $700 million since their inception in 2003.
Upon growing insecurity and violent crime in the region, the protection offered by bullet-proof cars is sought more and more.
According to the report by Fernando Quiñónez in Siglo XXI, "The insecurity that Guatemalans perceive and that of some foreigners in their countries of origin has caused an increase in the demand for cars with the bullet-proof option."
The movement of illegal drugs is creating ever larger fortunes hand in hand with the financial system, which is used for laundering money.
Bayardo Ramírez Monagas, advisor to the Venezuelan financial system, made this comment in the thirteenth conference on Financial Supervision organized by Guatemala's Banking Regulator (SIB in Spanish) as part of his introduction to the issue of money laundering.
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