This paper highlights key finding of the assessment of financial sector regulation and supervision in Belize. The assessment reveals that banking supervision in Belize complies with or is largely compliant with most of the Basel Core Principles. Under current arrangements, the Minister retains a good deal of discretionary authority with respect to banking supervision, but this situation is likely to be modified if a draft bill, now under discussion, becomes law. Retention of qualified staff is a continuous problem with the result that the intensity of banking supervision varies.under the Criminal Code to execute warrants but in practice, when requiring records from FIs, law enforcement relies on ... the Money Laundering Prevention Regulations, the IFSC (Code of Conduct) Regulations and the Money Launderinganbsp;...
|Title||:||Belize: Assessment of the Supervision and Regulation of the Financial Sector--Review of Financial Sector Regulation and Supervision|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2004-11-30|