UN General Assembly
2017

We have also reformed key institutions to ensure the integrity of our financial services industry. The Government has strengthened the institutional capacity, legislative framework and supervisory mandate of its financial intelligence unit. The Caribbean Financial Action Task Force has determined that Belize is in compliance with international standards. The Organization for Economic Cooperation and Development’s Global Forum on Transparency and Exchange of Information for Tax Purposes, which at present sets international standards on tax cooperation, has listed Belize as a largely compliant tax jurisdiction, following Belize successful completion of the Global Forum peer review of its legislative, regulatory and administrative framework. In 2013, Belize adopted the multilateral Convention on Mutual Administrative Assistance in Tax Matters, the purpose of which is to facilitate cooperation among jurisdictions with a view to combating tax avoidance and evasion internationally. Additionally, Belize is committed to the Automatic Exchange of Information standard and has entered into 31 bilateral Exchange of Information agreements.