The Compliance Department of the Central Bank supervises banks, credit unions, payment service providers, moneylenders, payment system operators, and other financial institutions for compliance with anti-money laundering, combatting the financing of terrorism and countering proliferation financing (AML/CFT/CPF) obligations.
AML/CFT/CPF LEGAL FRAMEWORK
AML/CFT/CPF Laws: Act
AML/CFT/CPF Laws: Amendments
Central Bank-Issued Guidance
Group of Supervisors (GOS)-Issued Guidance
NATIONAL ANTI-MONEY LAUNDERING COMMITTEE
In accordance with section 77B of the MLTPA, the National Anti-Money Laundering Committee (NAMLC) was established. NAMLC is comprised of various competent authorities charged with AML/CFT/CPF responsibilities and is at the core of Belize’s AML/CFT/CPF efforts. NAMLC is responsible for developing policies to guide the national framework to combat ML/TF/PF and is also charged with fostering cooperation and coordination among supervisory, law enforcement, prosecutorial and intelligence agencies, at the operational level, to detect and deter ML/TF/PF.
See Official Website: https://fiubelize.org/namlc/
National Policy and Strategy
Group of Supervisors
The Group of Supervisors (GOS) is made up of the AML/CFT supervisory authorities in Belize, namely, the Financial Intelligence Unit, Central Bank of Belize, Financial Services Commission, and Office of the Supervisor of Insurance and Private Pensions. The GOS is a platform for all four supervisory authorities to coordinate, provide mutual assistance, and for information-sharing for both policy and operational purposes. These mechanisms are further strengthened through a joint Memorandum of Understanding among the four supervisory authorities.
National Risk Assessment
INTERNATIONAL STANDARDS
Financial Action Task Force (FATF)
See Official Website: https://www.fatf-gafi.org/en/home.html
Caribbean Financial Action Task Force (CFATF)
See Official Website: https://www.cfatf-gafic.org/
OUTREACH
Group of Supervisors Advisories on the FATF & CFATF Public Statements
AML Highlights
AML/CFT Notices
List of AML trainings held for the sectors
Update to AML/CFT/CPF Guidelines Training- 6 September 2024 (Credit Unions)
Update to AML/CFT/CPF Guidelines Training- 14 August 2024 (Pawnbrokers)
Update to AML/CFT/CPF Guidelines Training- 12 & 13 August 2024 (Moneylenders)
Update to AML/CFT/CPF Guidelines Training- 9 August 2024 (Payment Service Providers, Remittance Service Providers & E-Wallet)
Update to AML/CFT/CPF Guidelines Training- 6 August 2024 (Banks: Domestic & International)
Update to AML/CFT/CPF Guidelines Training- 14 August 2024 (Pawnbrokers)
Update to AML/CFT/CPF Guidelines Training- 12 & 13 August 2024 (Moneylenders)
Update to AML/CFT/CPF Guidelines Training- 9 August 2024 (Payment Service Providers, Remittance Service Providers & E-Wallet)
Update to AML/CFT/CPF Guidelines Training- 6 August 2024 (Banks: Domestic & International)