españolBalboa Bank License Extended AgainMonday, July 25, 2016 In order to facilitate the reorganization and sale of Balboa Bank and the brokerage firm Balboa Securities the deadline for being able to access the US financial system has been extended until February 2017. The extension of access to the US financial system comes just weeks after it was announced that both entities will be reorganized for their subsequent sale. Money Laundering in Central AmericaFriday, March 3, 2017 The housing market, casinos, concert halls, and the livestock sector are all used to launder money in Central American countries. Excerpted from the report "International Narcotics Control Strategy Report, Volume II, Money Laundering and Financial Crimes" by the US State Department: USA Denounces Money Laundering Network in PanamaFriday, May 6, 2016 A list of people and companies involved in international money laundering includes brothers Abdul and Nidal Waked, another 6 individuals, and 68 companies, among which is Balboa Bank. The businessmen Abdul and Nidal Waked and companies such as Grupo Wisa, Vida Panama and Balboa Bank, have been included in the "Clinton" list which indicates which people and related organizations are linked to money laundering and drug trafficking activities. Tigo Money Agencies MultiplyThursday, June 14, 2012 Tigo announced yesterday that it will increase the number of Tigo Money agencies in Guatemala from 1400 to 2000, in order to reach populations without banking facilities in rural areas. Tigo Money started as a remittance service that allows cost-effective money transfers to Tigo users in Guatemala, and it is now making preparations so that these agencies, which are installed in convenience stores, drugstores and gas stations in local communities, can also to pay microcredit. GE Money to increase its participation in BACThursday, July 10, 2008 The American financial giant GE Money is negotiating to buy more shares in the Bank of Central America (BAC Credomatic) over the medium term. In 2006 the two firms signed an agrement under which GE Money would acquire 49.99 percent of BAC's capital. New Call Center in GuatemalaWednesday, July 9, 2008 The GE Money Bac Credomatic Excellence Center was opened with an $11.6 million investment. Edmundo Vallejo, GE Money Latin America president, reported that the decision to invest in Guatemala was due to the modern telecommunications infrastructure, a young, educated and bilingual workforce, and its strategic location. However, he pointed out that the country should not rest and instead keep improving its competitiveness. MoneyGram Forges Central American Alliance with CitiWednesday, June 9, 2010 MoneyGram International and Citi today announced an agreement to expand MoneyGram's money transfer services to all Citi locations in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. "This important agreement extends MoneyGram's presence in Citi's network across Central America," said Dan O'Malley, MoneyGram International executive vice president for the Americas. Major investments projected for Guatemalan Call CenterMonday, November 17, 2008 Genpact, which recently acquired the GE Money business center in the country, could quadruple the number of employees next year. Juan Ferrara, vice president and business leader for the Americas, said in a telephone interview will Siglo Veintiuno that they consider Guatemala to be a strategic location and that provides the opportunity to compete with major contact center companies. GE Money Closes Stores in Costa RicaMonday, September 28, 2009 Before October 1st, the financial company will close its 16 stores and move those services to Credomatic's 'Red de Pagos' and BAC San José. "Our business and commercialization model does not require our own points of sale. We are selling loans directly through points of sale of our commercial partners", explained Patricio Alemparte, General Manager of GE Money Costa Rica. GE to Acquire a 25% Share of BACMonday, June 8, 2009 With this purchase, GE Money would have 75% of the shares of BAC International Bank. Beginning in July, the financial group GE Money has the option to purchase additional shares. Money Wiring Company Sets Up Shop in PanamaMonday, August 24, 2009 The company Master Money Transfer (MMT), which has 400 stores in Spain, started operations in the country. From its Panama offices, the company plans to expand to Costa Rica, Colombia and Ecuador. Tigo Guatemala Launches New ServiceTuesday, January 18, 2011 Tigo Money can receive or send money transfers through its mobile phone platform. Wiring cost is $ 0.04 for every $ 0.63 sent with a maximum of $ 126. Call centers to create 1,500 jobs in GuatemalaThursday, June 19, 2008 24/7 Customer, a company from India, has decided to establish a call center near La Aurora Airport, in an area called Ciudad Aeropuerto (Airport City). The 500 new jobs it generates will be in addition to those created by the Mexican company RY6 Global, which recently started operations in Airport City with a call center of 100 employees and space for 500 more in the coming years. Novartis Launches 'Medical Remittances' in GuatemalaFriday, October 9, 2009 Expatriates in the U.S. will be able to purchase medicines for their relatives in Guatemala. Drugs and medicines can be purchased from any city in the U.S. and delivered to homes in Guatemala, with a $1 surcharge. Costa Rica: Aldesa and CAMMB form an allianceMonday, April 21, 2008 The real estate and financial funds offered by Aldesa could be acquired through the Central America Money Market Brokers (CAMMB). The deal is possible because both groups have signed an agreement authorizing the marketing of Aldesa products through the sale of this market placement. |
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Wednesday, March 22, 2023 - last update: 4:52 am
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