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AML/CFT Legislation in Belize
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AML/CFT Legislation in Belize

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MemberCheck's solutions in Belize
PEP and Sanction Check
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Adverse Media Check
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ID Verification
Verify the identity of your Belizean customers and avoiding the consequences of non-compliance.
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AML Consulting Service
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Financial Intelligence Unit Belize

Statutory AML/CTF Supervisors in Belize

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Financial Intelligence Unit Belize

Belize has established a Financial Intelligence under [Section 3 of Act 6 of 2014], where the Financial Intelligence Unit acts as an autonomous bureau. It investigates and prosecutes financial crimes, ensures coordination and cooperation between intergovernmental agencies and private institutions. It develops methods and policies to prevent and suppress financial crimes, taking the necessary measures to counter financial crimes.

Local Compliance standards- Belize

Belize took steps to tighten its anti money laundering (AML) regulatory framework, including modifying the Money Lenders Act in 2016.  

Belize developed standards and procedures to prevent and detect illegal behaviour, as well as to guarantee that policies and procedures are implemented, this includes:

  • Implementing rules and internal controls that can decrease the possibility of criminal behaviour and other policy infractions.
  • Ensuring that the compliance cultures are effectively communicated across all relevant business divisions and are beneficial to a successful corporate compliance program.
  • Delivering customised training and disseminate compliance information with business divisions, global departments, external partners, customers, vendors, and other stakeholder groups on a regular basis.
  • Determining all regulatory and internal compliance requirements, as well as efforts to determine whether organisational roles are correctly linked.

How can MemberCheck Help?

Our clients are provided with a secure and simple solution in regard to scanning for politically exposed or high-risk individuals, as well as checking names against sanction, regulatory, law enforcement, and other official lists.

Use our sophisticated scan filters and due diligence workflow to minimise the amount of time you spend sorting through, false matches. Scan results and reporting sections allow you to access customer details, whenever and wherever required, as well as download reports, to customise for further investigation or to provide evidence of your AML program compliance for auditing purposes.

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* This page is intended as general information only and should not be relied on as the sole source of information for your AML obligations and AML program. Please visit your local regulatory authority sites for the latest relevant and full information.

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