Laws and Regulations

Belize possesses a comprehensive regulatory framework that governs the supervision and regulation of banks, credit unions and other financial institutions in the financial system.

The regulatory framework provides the legal premise that enables licensees to efficiently and prudently execute their roles and functions in the best interest of all stakeholders. The major legislations under which financial institutions are regulated are included here. Public consultations also contribute to greater regulatory transparency.  

Central Bank of Belize Act
This Act established the Central Bank of Belize. 

Domestic Banks & Financial Institutions Act 
This Act allows the Bank to supervise and regulate banks and financial institutions.

International Banking Act 
This Act gives the Bank supervisory and regulatory powers to oversee and grant licenses for international banking.

Credit Unions Act 
The Credit Unions Act (CUA) designates the Governor of the Central Bank of Belize as the Registrar of Credit Unions and allows for the supervision of credit unions.

Money Laundering & Terrorism (Prevention) Act 
The Money Laundering and Terrorism (Prevention) Act, 2008 establishes provisions for the investigation and prosecution of money laundering, terrorism and other related crimes. 

Money Laundering and Terrorism (Prevention) (Amendment) Act, 2013
The Money Laundering and Terrorism (Prevention) (Amendment) Act, 2013 provides for measures to ensure compliance with international standards and obligations in relation to money laundering.

Exchange Control Act 
The Exchange Control Act and accompanying regulations govern foreign exchange transactions as well as transactions between residents and non-residents. 

Treasury Bills Act 
This Act allows Government to borrow from the public by selling securities. 

National Payment System Act
This Act provides the legal framework to support the National Payment System.

Moneylenders (Amendment) Act
This Act designates the Central Bank of Belize as the Registrar of Moneylenders.

Money Transfer Service Providers Guidelines
This guideline outlines reporting and compliance requirements of money transfer service providers.

Public Consultations 
Consultations are conducted with the public on draft laws, regulations and circulars.