CFATF releases Belize’s Mutual Evaluation Report, rating the country Fully Compliant with 38 of the 40 FATF Rec. and Largely Compliant with the remaining 2

Mutual Evaluation finds that Belize has a solid AML/CFT/CPF framework, but notes effectiveness gaps in ML prosecutions and convictions and a need for more robust risk-based supervision of DNFBPs, as well as stronger beneficial ownership verification & on-site inspections…