SUBJECT: Guidance Documents from the Financial Intelligence Unit
Dear All:
Please note that the Caribbean Financial Action Task Force (CFATF) has reached out to IMMARBE for assistance in disseminating the attached guidelines. These "Guidance" documents, provided by the FIU, will be hyperlinked to our new website (to be launched shortly) and we kindly request that you circulate them to all your clients, operators, owners, managers, crew agents, lawyers, agents, and any interested party in vessel registration. This information is being shared for guidance purposes only.
Just to clarify, the reason for these guidelines is due to the upcoming CFATF audit in Belize at the end of this year. All departments within IMMARBE must follow these guidelines and refer to the list of persons provided by the FIU when conducting any business. This is particularly important for the Head Office when reviewing applications for new ROs, GSIs, Deputy Registrars, and other individuals who will enter into any contractual arrangements with IMMARBE. Furthermore, we will ensure that the names of officers, crew, and other related individuals who are obtaining Belize documents or licenses are properly screened against any lists provided by OFAC/FIU/UN/other entities or agencies.
A comprehensive evaluation of our due diligence procedures will be undertaken for each department to have in place the necessary mechanism to ensure that we are fully compliant with international and local regulations governing international sanctions and our responsibilities thereunder. This is just preliminary information whilst all HODS work on implementing thoroughly across all departments.
The following documents are attached.
Dear All:
Please note that the Caribbean Financial Action Task Force (CFATF) has reached out to IMMARBE for assistance in disseminating the attached guidelines. These "Guidance" documents, provided by the FIU, will be hyperlinked to our new website (to be launched shortly) and we kindly request that you circulate them to all your clients, operators, owners, managers, crew agents, lawyers, agents, and any interested party in vessel registration. This information is being shared for guidance purposes only.
Just to clarify, the reason for these guidelines is due to the upcoming CFATF audit in Belize at the end of this year. All departments within IMMARBE must follow these guidelines and refer to the list of persons provided by the FIU when conducting any business. This is particularly important for the Head Office when reviewing applications for new ROs, GSIs, Deputy Registrars, and other individuals who will enter into any contractual arrangements with IMMARBE. Furthermore, we will ensure that the names of officers, crew, and other related individuals who are obtaining Belize documents or licenses are properly screened against any lists provided by OFAC/FIU/UN/other entities or agencies.
A comprehensive evaluation of our due diligence procedures will be undertaken for each department to have in place the necessary mechanism to ensure that we are fully compliant with international and local regulations governing international sanctions and our responsibilities thereunder. This is just preliminary information whilst all HODS work on implementing thoroughly across all departments.
The following documents are attached.
- GUIDANCE TO THE PUBLIC ON TARGETED FINANCIAL SANCTIONS IN BELIZE
- GUIDANCE TO THE PUBLIC ON OBLIGATIONS AND RIGHTS IN RESPECT OF ANTI-TERRORISM AND PROLIFERATION OF WEAPONS OF MASS DESTRUCTION
- GUIDANCE ON ASSESSING NAME MATCHES FOR TARGETED FINANCIAL SANCTIONS
It is important that you are aware of these documents and the legal framework that exists in Belize to exercise our obligations as a Flag State. These provisions also serve to ensure that Belize’s international obligations in relation to the United Nations Security Council and the Financial Action Task Force are met.
Additional documentation will be shared as they are made available to IMMARBE.
Additional documentation will be shared as they are made available to IMMARBE.
