Financial Sanctions Lists in Guatemala Receive Update

GUATEMALA CITY - A significant update has been made to the financial sanctions lists in Guatemala, with a new name added to the Specially Designated Nationals (SDN) list.

New Addition to SDN List: Luis Miguel Martinez Morales

Luis Miguel Martinez Morales, also known as “Miguelito,” has been listed for his alleged involvement in illicit activities. The 34-year-old Guatemalan national was born on September 12, 1989, and holds a valid passport that expires in November of this year.

Key Facts about Luis Miguel Martinez Morales

• Name: Luis Miguel Martinez Morales
• Alias: “Miguelito”
• Date of Birth: September 12, 1989
• Nationality: Guatemalan
• Passport Details: Valid passport expiring in November of this year

Inclusion on SDN List: Restrictions and Consequences

Martinez Morales is believed to have ties to various organizations linked to money laundering and other financial crimes, prompting the inclusion of his name on the SDN list. This designation restricts his access to international financial transactions and freezes any assets he may hold in foreign banks or financial institutions.

Consequences of Inclusion on SDN List

• Restrictions on International Financial Transactions: Martinez Morales will face difficulties accessing international financial systems, making it challenging for him to engage in economic activities.
• Freezing of Assets: Any assets he holds in foreign banks or financial institutions will be frozen, preventing him from accessing them.

Ongoing Efforts to Combat Financial Crime

The update comes as part of ongoing efforts by Guatemalan authorities to combat financial crime and prevent the flow of illicit funds through the country’s financial system.