Corozal Commercial Free Zone


International Narcotics Control Strategy Report

United States Department of State Bureau for International Narcotics and Law Enforcement Affairs Money Laundering and Financial Crimes March 2015 Belize is not a major regional financial center; however, it has a substantial offshore financial sector. The Government of Belize continues to encourage the growth of offshore financial activities that are vulnerable to money laundering, including offshore banks, insurance companies, trust service providers, mutual fund companies, and international business companies. The Belizean dollar is pegged to the U.S. dollar, and Belizean banks continue to offer financial and corporate services to nonresidents in the offshore financial sector. Belizean officials suspect there […]


Corruption is Crippling the Economy

Recently seemingly unrelated incidents have crippled our economy and few seem to be aware. The first incident that passed with little comment was the arrest of the major Guatemalan drug trafficker in San Ignacio by US authorities without the assistance or knowledge of the Belize Police. Shortly there after the Guatemala authorities clamped down on Melchor arresting and jailing a variety of Customs, tax officers, police and others while working to break up a big contraband ring working out of Belize. The ringleader was a Belizean who they apprehended at a roadblock in the Guatemala interior. Guatemala military searched businesses […]