On 12th January 2024, the Council of the European Union has adopted Decision (CFSP) 2024/254 regarding the amendments to the Guatemala Sanctions Regimes.

The Decision establishes a framework for targeted restrictive measures in view of the situation in Guatemala, which constitutes a threat to the stability of Guatemala and the region. The Decision provides for the freezing of funds and economic resources of, and the prohibition to make funds and economic resources available to, certain natural or legal persons, entities or bodies responsible for actions that undermine democracy, the rule of law or the peaceful transfer of power in Guatemala or undermining democracy or the rule of law in Guatemala, including through serious financial misconduct concerning public funds and the unauthorised export of capital, as well as against natural or legal persons, entities or bodies associated with them.

Read more.