Regulatory Alerts2005-01-13
Exchange Control Regulations 1976
The Minister of Finance of Belize promulgated the Exchange Control Regulations 1976 to strictly govern all transactions involving gold, foreign currency, securities, and cross-border payments. The instrument mandates Central Bank authorization for acquiring or disposing of foreign exchange, compels non-dealers to surrender specified currency to authorized dealers, and prohibits unauthorized transfers of securities to or from non-residents. Furthermore, the regulations restrict import and export activities, real property sales, and nominee holdings while establishing comprehensive enforcement mechanisms and supplementary administrative provisions.
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