Regulatory Alerts2017-08-01
Money Laundering and Terrorism (Prevention) (Amendment) Act, 2017
The Government of Belize enacted this amendment to the Money Laundering and Terrorism (Prevention) Act to fulfill Financial Action Task Force obligations regarding national risk assessments. The legislation grants the Financial Intelligence Unit the specific statutory power to conduct money laundering and counter-terrorism financing risk assessments. This authority includes the ability to carry out necessary actions such as research, consultation, and requesting information from any person to assess related risks to Belize.
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