Economic & Financial Reporter

Guatemala to Oversee Prepaid Card Systems

Topics::

Banking Authority (Guatemala), Money Laundering, Prevention of Money Laundering, Banking, Finance, Guatemala

Source: elperiodico.com.gt
Tuesday, March 9, 2010

The Banking Superintendence of Guatemala will devise controls for prepaid cards, in order to prevent their involvement in money laundering.
This process includes telephony cards and public transportation prepaid cards.

Superintendent Edgar Barquín commented that they need a file for each person with their name, id, address and tax number, in order to monitor the amounts being recharged. This would be the basis of an alert system.

Related resources

Guatemala Unveils Committee Against Money Laundering - May 21 10 (136%)

Guatemala Implements Rules Against Money Laundering - Mar 4 09 (109%)

Guatemala to Regulate Jewelry Sales - Jul 12 10 (96%)

Money Laundering Congress in Panama - Aug 21 09 (79%)

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