Regulatory Alerts2009-01-12
Money Laundering and Terrorism (Prevention) Act Chapter 104 Revised Edition 2020
The Government of Belize enacted this Act to prohibit money laundering and terrorism while establishing a comprehensive regulatory framework for prevention and enforcement. It mandates reporting entities to implement customer identification, verification, and suspicious transaction reporting procedures under the supervision of the Financial Intelligence Unit. The legislation further empowers authorities to freeze assets, issue restraining and forfeiture orders, and cooperate with foreign jurisdictions to combat illicit financial flows.
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