It sanctions those who provide false information about the financial situation of the banks in country.
The Department of Communications of Parliament reported via a press release that lawmakers modified the current Penal Code to include this new infraction, which will be punishable with 1 to 5 years and fines of 130 to 6700 dollars.
Guatemala's legislature has introduced a bill that would criminalize persons who start rumors about financial problems in the national banking system.
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.
Those invited include members of the Monetary Committee and the president of the Bank of Guatemala.