Regulatory Alerts2004-02-13
Exchange Control Regulations Act Revised Edition 2003
The Government of Belize issued this revised edition of Chapter 52 to consolidate the Exchange Control Regulations Act as of May 31, 2003. The legislation empowers the Minister to create regulations governing currency, gold, securities, and property transfers, while authorizing an appointed Controller to administer and enforce these rules. It establishes strict penalties for non-compliance, including fines up to ten thousand dollars or imprisonment, with enhanced punishments for repeat offenses.
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