Regulatory Alerts2023-07-03
Exchange Control Regulations Revised Edition 2020
The Government of Belize, administered by the Central Bank, issued this consolidated regulatory framework to strictly control the acquisition, retention, and transfer of gold and foreign currency. It mandates that non-authorized dealers surrender specified foreign currency and gold to approved dealers, while prohibiting cross-border payments, securities transfers, and capital movements without prior Central Bank approval. The regulations further restrict import and export transactions, govern nominee holdings and company registrations, establish blocked account procedures, and outline enforcement mechanisms and penalties for non-compliance.
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