Cabinet Decides to Increase Archaeology Site Fees
The John Briceno Cabinet met in its weekly session on Thursday where several decisions were made. Among them is the increase of fees at the archaeology sites across the country. The increase in fees will not take effect until next year as there is the requirement of a one-year notice. Minister of Culture, Francis Fonseca, spoke on the decision for the increase.
Other decisions made by Cabinet were the approval of several proposed additional amendments to the Money Laundering and Terrorism Prevention Act and other relevant legislation. These proposed amendments will allow Belize to meet technical compliance with the Financial Action Task Force (FAFT) recommendations in the execution of the 4th Round Mutual Evaluation by the Caribbean FAFT. Cabinet also gave its approval for the Financial Services Commission to effect the administrative strike-off of inactive companies that have failed to re-register since the enactment of the Belize Companies Act that was published in July 2022.