Regulatory Alerts2021-11-30
National Payment System Act, Revised Edition 2020
The Central Bank of Belize issues this Act to establish, regulate, and oversee the National Payment System to reduce inefficiencies and systemic risks. It mandates licensing for all payment service providers and system operators while granting the Central Bank broad powers to inspect, enforce compliance, and impose penalties. The legislation further defines legal frameworks for electronic funds transfers, electronic money, settlement finality, and dispute resolution to ensure financial stability.
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