Cabinet Approves Risk Assessment Report to Combat Money Laundering and Terrorist Financing

In the fight against financial crime, Cabinet approved the National Money Laundering and Terrorist Financing Risk Assessment Report (NRA) for November 2024. This report formalizes Belize’s ongoing understanding of the risks related to money laundering and terrorist financing, ensuring the country’s compliance with the Financial Action Task Force (FATF) standards. (MORE CABINET VO) The NRA will guide both government authorities and the private sector in adopting a risk-based approach to mitigate such risks, helping Belize maintain its international standing in financial regulations.