Regulatory Alerts2023-06-21
Central Bank of Belize (Amendment) Act No. 17 of 2023
The Parliament of Belize enacted this Act to amend the Central Bank of Belize Act in order to satisfy Financial Action Task Force Recommendations and reinforce compliance with international anti-money laundering standards. The legislation expands the Central Bank's authority to exchange information with foreign regulatory authorities for AML/CFT/CPF purposes while mandating strict confidentiality for such requests. Additionally, the Act introduces a new Code of Conduct requiring directors, officers, and employees to avoid conflicts of interest between their personal interests and those of the Bank.
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