Tougher Anti Laundering Laws in GuatemalaA bill against money laundering tightens control of activities such as leasing and factoring and imposes harsher penalties on those not reporting suspicious transactions.Thursday, June 9, 2016
The proposal was prepared by the Superintendency of Banks in Guatemala (SIB), and aims to establish tighter controls and more severe sanctions in order to improve mechanisms for preventing money laundering. Among the changes are a raise from $10 to $2 million in sanctions against those who fail to comply with the reporting of suspicious transactions. Source: elperiodico.com.gt ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: Implications of the Money Laundering Law ReformApril 2017 The amendment to the money laundering law approved in the first debate requires accountants, lawyers and real estate agents to report suspicious transactions made by their clients. Obligation to Report Suspicious TransactionsJune 2016 A year after laws were approved to prevent money laundering in Panama there are still companies that have not been registered and will not be able to report suspicious transactions.
Guatemala and Money LaunderingJuly 2015 Limitations on control of casinos and gambling, and the inability to legally access banking information, limit the chances of success in the fight against money laundering. Guatemala: Anti Laundering Controls Include Public MoneyNovember 2013 The regulations of the Law Against Money Laundering affect, among other people, those who receive, manage or run state funds.
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