Transition of NPO/NGO Portfolio from FIU to FSC

The Financial Intelligence Unit (FIU) officially announces that Non-Profit Organisations Act 2023 (“the Act”) was enacted on May 12, 2023. The Act was developed to provide for the regulation of non-profit organizations (NPO) and to protect non-profit organizations from terrorist financing abuse… View Full Announcement              View Press Release by FSC

PUBLIC NOTICE

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.

Consolidated Belize Sanctions List

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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.