The public is hereby advised that the consolidated list maintained by the FIU in accordance with S.68(5Q)(a) of the Money Laundering and Terrorism (Prevention) Act, Cap. 104 (MLTPA) as amended by Act No. 28 of 2023, has been updated pursuant to an order of the High Court dated October 23, 2023.
You are advised to take all necessary actions in accordance with your obligations under the MLTPA and any other written law. Reporting Entities are reminded of their obligations when a Listed Person is de-listed. These include:
– Making previously frozen funds or assets available to the former Listed Person;
– Ongoing record keeping requirements after targeted financial sanctions have been lifted;
– Ongoing obligations to conduct look-backs to identify third-parties who may have been owned, controlled, acting on behalf of or under the direction of the former Listed Person; and
– The obligation to self-report any previous oversights in compliance with targeted financial sanctions.
Should you have any questions in respect to the changes to the Consolidated Sanctions List please contact your Supervisory Authority or the Financial Intelligence Unit as applicable.
Paying your registration fees just got easier. Simply look for Financial Intelligence Unit as a merchant on HBL’s Merchant Portal and make your payments.
Have Information Regarding a Financial Crime?
The Financial Intelligence Unit now provides a secure web form for persons to make anonymous voluntary reports about money laundering, terrorism financing and other financial crimes. Click here to learn more and make a report.
Each of these documents references the amendments to the Money Laundering and Terrorism Prevention Act, Cap. 104 which is now in force..
These documents have been prepared for information purposes only and does not relieve you of any obligation under the laws of Belize. Members of the public should familiarize themselves with the Money Laundering and Terrorism (Prevention) Act, Cap. 104 and all other relevant laws. These documents are not intended as and does not constitute legal advice. Each case is unique and members of the public should seek the advice of a qualified attorney-at-law with respect to their particular case.
The Financial Intelligence Unit (FIU) hereby advises all Designated Non-Financial Businesses and Professions that effective immediately payment of initial and annual registration fees should now be made to the FIU’s account at Heritage Bank Limited. The payment information is as follows:
Account Name: Financial Intelligence Unit
Account number: 9131366
Payment of fees should no longer be made to Scotiabank Belize Limited.