Thursday, April 9, 2009

Financial Dealings of Public Officials will be Monitored

The Guatemalan justice department rejected an appeal seeking to block an initiative that will monitor the bank accounts and finances of 1,200 civil servants and their families in order to avoid corruption.

The Board of Appeals rejected the petition of attorney Jose Alfredo Solano Chuy, who personally sought to block the initiative designed to monitor Personas Expuestas Políticamente or "Politically Exposed / Prominent Persons".

Edgar Barquin, Superintendent of Banks, the entity charged with keeping an eye on accounts, said that thanks to this ruling the will of the Government will be done and things will proceed.

The Intendencia de Verificación Especial (IVE) or Special Audit Office will monitor accounts and contact public officials and servants, their parents, spouses, and children to establish the reasons for large cash transactions. If the answers are unsatisfactory the case will go to investigation.

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