COVID-19 Fraud Alert to the General Public    FIU-Advisory-0003-2020 High Risk and Other Monitored Jurisdictions Identified by FATF     FIU-Advisory-0001-2020 High Risk and Other Monitored Jurisdictions Identified by FATF    FIU-Advisory-0002-2020-CFATF Public Statement


Domestic Coordination and Cooperation

Coordination and cooperation among key domestic stakeholders are crucial for the effectiveness of an Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) system. To strengthen coordination and cooperation, provisions were added to the Money Laundering and Terrorism Prevention Act (MLTPA) to create the National Anti-Money Laundering Committee (NAMLC). The Committee is tasked, inter alia, with the development, implementation and oversight of a national action plan to enable supervisory and law enforcement authorities in Belize to effectively and efficiently coordinate with each other in the fight against Money Laundering, Terrorist Financing and Financing Proliferation of Weapons of Mass Destruction (ML/TF/FP). NAMLC is also responsible for advising the Minister of Finance concerning the development and implementation of policies and activities to combat ML/TF/FP. Membership of NAMLC is set out in the new section 77B of the MLTPA and the procedures of NAMLC are prescribed in the National Anti-money Laundering Committee Regulations, 2014.

Members of NAMLC