Guatemalan President Bernardo Arévalo has officially enacted a comprehensive anti-money laundering law following its approval by the nation’s Congress. The legislation aims to strengthen the country’s financial regulations and combat illicit financial flows. This new law is expected to enhance Guatemala’s ability to prosecute financial crimes and cooperate internationally on anti-money laundering efforts. The move comes as Arévalo’s administration seeks to address corruption and improve transparency within the Guatemalan financial system. Supporters believe the law will bolster investor confidence and contribute to economic stability. Details of the law’s specific provisions were not immediately available, but officials have indicated it includes measures to increase oversight of financial institutions and transactions. The enactment represents a significant step in Guatemala’s efforts to align with international standards for combating financial crime.