Honduras Banks Comply with International Standards to Ensure Financial Stability
Introduction
Tegucigalpa, Honduras - A recent survey conducted by the Commercial Service of the U.S. Department of Commerce has revealed that major banks operating in Honduras have demonstrated a strong commitment to complying with international standards and regulations to ensure financial stability.
Compliance Requirements for Banks in Honduras
The study found that Honduras’ major banking institutions have implemented robust risk management systems and adhere to international best practices. The following banks have been recognized for their commitment to compliance:
- Banco Atlantida, S.A., led by Executive President Guillermo Bueso Anduray
- Banco Davivienda Honduras, S.A., headed by Executive President Gustavo Raudales
- Banco Financiera Comercial Hondureña, S.A. (FICOHSA), led by Executive President Javier Atala
These banks have implemented measures to mitigate risks associated with money laundering, terrorist financing, and other illicit activities.
Importance of Compliance
Compliance is crucial in preventing financial crises and promoting economic growth. The survey highlighted the importance of implementing robust risk management systems and adhering to international best practices to ensure financial stability.
Support for American Businesses
The World Bank and the Inter-American Development Bank have established Commercial Liaison Offices in Honduras to facilitate cooperation between American businesses and local banks. These offices help American companies learn how to participate in bank-funded projects and advocate on their behalf.
The U.S. Commercial Service is committed to helping U.S. companies succeed in international markets, including Honduras. With its global network of 108 offices, the agency provides trade counseling and market research to assist U.S. businesses in expanding their exports.
Getting Started
For more information on compliance requirements for banks in Honduras or to learn how to participate in bank-funded projects, contact the U.S. Commercial Service office nearest you.