COMPREHENSIVE ANALYSIS OF CURRENT PRACTICES

BELIZE BENEFICIAL OWNERSHIP REGISTRY: COMPREHENSIVE ANALYSIS OF CURRENT PRACTICES

In the contemporary financial landscape, the issue of transparency in the ownership and control of corporate entities has taken center stage in the global fight against financial crimes such as corruption, money laundering, tax evasion, and terrorist financing. The establishment of Beneficial Ownership (BO) registries has been advocated by international bodies like the Financial Action Task Force (FATF) and the Organisation for Economic Cooperation and Development (OECD) as a pivotal measure to enhance transparency and assist in the identification of the natural persons who ultimately own or control legal entities.1 In this context, the Belize Beneficial Ownership Registry (BOR) represents a critical component of Belize's commitment to international standards for financial transparency and the prevention of financial crimes.