Financial Sector Supervision

The Financial Sector Supervision Department maintains public confidence through effective supervisory and regulatory mechanism of banks, credit unions and financial institutions.

The Financial Sector Supervision Department ensures all financial institutions operating in Belize are licensed under the Domestic Banks and Financial Institutions Act (DBFIA), the International Banking Act (IBA), the Credit Unions Act (CUA), the Moneylenders Act (MA) and the National Payment System Act (NPSA).

The Financial Sector Supervision Department performs these core functions:

  • Processes license applications for financial institutions, credit unions, moneylenders and financial service providers
  • Examines, supervises and regulates domestic and international banks as well as financial institutions and credit unions 
  • Ensures a safe and sound financial system, thereby attracting investments and facilitating an expansion of the financial system 
  • Oversees the National Payment and Securities Settlement System