Regulatory Alerts1996-07-26
Belize International Banking Act Chapter 267 Revised Edition 2020
The Government of Belize issued the Revised Edition 2020 of the International Banking Act to consolidate substantive laws as of December 31, 2020, incorporating amendments from 2012 and 2017. The legislation establishes the Central Bank of Belize as the regulator for licensing international banking businesses, defining eligibility criteria, application procedures, and capital requirements for 'A' and 'B' class licenses. It further mandates strict operational standards including prohibited activities, director disqualification, revocation grounds, and exemptions from taxes and exchange controls to govern offshore banking operations.
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