The aim of the IFSC is to protect consumers, enhance the reputation of Belize as an international financial services center and to promote good business practices by good firms. Its supervisory work focuses chiefly on the way firms are operated and governed and the identification of risks to consumers and the reputation of Belize more generally.

In carrying out its functions, the IFSC cooperates with other national agencies and departments, including the Financial Intelligence Unit, the Belize Tax Services, Central Bank, and the Attorney General’s Ministry. The IFSC also cooperates with regional and international organizations in the global fight to combat money laundering and terrorist financing. As such, the IFSC facilitates Belize’s membership and participation in the Caribbean Financial Action Task Force, Organisation of Economic Cooperation and Development.