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Feb 3, 2016

FIU/Customs Department Sign MOU to Strengthen Domestic Enforcement

This afternoon in Belize City, the new Director of the Financial Intelligence Unit Joy Grant and Comptroller of Customs Victor Recinos signed a memorandum of understanding intended to strengthen domestic cooperation in the fight against money laundering and terrorism. The FIU and the Customs Department will now have access to an increased number of sources of information to carry out analytical and investigative duties.  The MOU also provides for the reporting of international transportation of currency and monetary instruments.  Grant says that the collaboration with the Customs Department will build up confidence in the Belize jurisdiction as being compliant with Caribbean Financial Action Task Force recommendations. For the Customs Department, the MOU strengthens efforts to combat financial crimes.


Victor Recinos

Victor Recinos, Comptroller, Customs and Excise Department

“The focus of customs have changed in the way we do business; changing that from total search to a more intelligence based search; focusing with our stakeholders an partners, sharing information, exchange of information and partnering together in this fight. And today we continue that partnership by signing a memorandum of understanding with the Financial Intelligence Unit in which we will share information and in some instances share resources in combating this common goal. This MOU is just a strengthening our relationship because we have had very good relationship with the FIU and before the FIU, the Central bank of Belize, who was the premier agency in that fight against the proliferation of the financial base.”


Joy Grant

Joy Grant, Director, FIU

“Efforts against money laundering and countering the financing of terrorism has to be a countrywide effort as the FIU cannot do this alone. I wanna say that the relationship so far with the Customs Department and the FIU has been a really good one and today what we are doing is recognizing that and moving it to another level as we must. The signing of the MOU is a first and very important step in documenting the cooperative actions that are ongoing.”


The FIU says it will be providing four scanners to the Customs Department to facilitate quicker transfer of information on financial movements.

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