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Offshore Banking in Belize

Belize's banking sector, which includes offshore banking as well, is regulated by the Central Bank of Belize.

Offshore banking in Belize began with the repeal of the outdated 1977 Banking Act and its replacement by the enactment of the Banks and Financial Institutions Act, 1995. Other laws concerning offshore banking are the Offshore Banking Act, 1996, and the Money Laundering (Prevention) Act, 1996. The Offshore Banking Act, 1996, and the Money Laundering (Prevention) Act, 1996. The introduced legislation includes the best features of offshore banking legislation in Panama, Cayman and the British Virgin Islands.

A local bank can do the following things within Belize:

Belize Offshore Banks are not subject to exchange control regulations.