NOTICE: The Financial Intelligence Unit (FIU) advises the public that pursuant to the Money Laundering & Terrorism (Prevention) Act, 2008 by Amendment No. 4 of 2013, the following persons are now required to register with the FIU:
- 1) Those who intend to or are carrying on the business of dealing real estate;
- 2) Jewelers; and
- 3) Vehicle Dealers
Application forms can be obtained from the FIU’s Website at www.fiu.gov.bz or by visiting our office at 4998 Coney Drive, Coney Drive Plaza, Belize City.
For more information, you can contact the FIU by phone at telephone numbers 223-2729/0596.
You completed registration form must be accompanied by a fee of $100.00.
ABOUT FIU -
Over the past years, a number of specialized governmental agencies have been created as countries develop systems to deal with the problem of money laundering. These entities are commonly referred to as "Financial Intelligence Unit" or "FIUs". FIUs are normally focused on the international financial services sector as money laundering and other financial crimes invariably involve international financial services. These units have attracted increased attention with their ever more important role in anti-money laundering programmes. In 1996, there was less than a handful of FIUs in the world. Today there are 120 jurisdictions that comprise the Egmont Group (an international gathering of Financial Intelligence Units). Belize's FIU is a member of the Egmont Group since 2004.
Named after the venue in Brussels where the first such meeting of FIUs was held in June 1995, the Egmont Group serves as an international network, fostering improved communication and interaction among FIUs in such areas as information sharing and training coordination. The goal of the Group is to provide a forum for FIUs around the world to improve support to their respective governments in the fight against financial crimes. These supports includes expanding and systematizing the exchange of financial intelligence information, improving expertise and capabilities of personnel employed by such organizations, and fostering better and secure communication among FIUs through the application of technology.
The creation of Belize's FIU was a result of intense pressure on the Government from international regulatory bodies such as the Financial Action Task Force (FATF), Caribbean Financial Action Task Force (CFATF), International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) and the UK Accounting firm KPMG. The international regulatory bodies noted that there has never been a successful prosecution for money laundering offence and no property has ever been seized as the proceeds of money laundering even though the Money Laundering (Prevention) Act was enacted in 1996 and the international financial service industry gathered momentum in the number of active International Business Companies operating and the number of offshore banks licensed to do business in and from within Belize.
Who We Are:
The creation of the FIU has now fostered a greater amount of trust from the international regulatory agencies in Belize's aniti-money laundering system. Belize's Financial Intelligence Unit is a specialized governmental agency created to investigate and prosecute financial crimes and to collect, analyze and disclose financial information and intelligence on suspected money laundering and terrorist financing activities.
Created in September 2002, the FIU is an integral part of Belize's engagement in the global fight against money laundering and the financing of terrorist activities.
The FIU is an independent agency, operating at arm's length from the Police and other departments and agencies of government to whom it can provide financial intelligence.
The FIU reports to the Minister of Finance. The Minister may direct the FIU on matters that materially affect public policy or the FIU's strategic direction. In addition, the Minister may enter into agreements with foreign governments for the exchange of information between the FIU and foreign government agencies.
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