The International Financial Services Commission (the “IFSC”) is a statutory body established under the International Financial Services Commission Act to regulate and supervise the international financial services sector. The IFSC comes under the portfolio responsibility of the Minister of Finance. The Minister has the power to appoint the chairperson from amongst any of the public sector members of the Commission. The Director General of the Commission is the Chief Executive Officer who is appointed by the Commission with the approval of the Minister. The Director General is also the Registrar of the following Registries:
- International Trusts Registry
- International Foundations Registry
- International Limited Liability Companies Registry
- Belize International Corporate Affairs Registry
- International Merchant Marine Registry of Belize
- Protected Cell Companies Registry
Since its inception, the IFSC has made great strides; notably, the introduction of key legislative amendments and enactments to strengthen the overall tax practices in Belize. The IFSC remains vigilant in its pursuit to implement Belize’s AML/CFT regime as necessary to thwart innovative practices by those seeking to compromise Belize’s international financial system.