FSC Issues Warning Against Unlicensed Land Consultant

The Financial Services Commission has issued a notice advising Belizeans to exercise extreme caution when engaging with a land consultant under the name ER’s Land Consultancy in Orange Walk. In a warning issued today, the FSC stated that Eric Reyes of ER’s Land Consultancy is, “not licensed under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the financial services as set out in the Schedule of the FSC Act”. Act number eight of the Financial Services Commissions Act 2023 states no person shall provide the business of financial service provider, registered agent or managing services in or from within Belize unless that person holds a valid license granted by the Commission under the Act. We spoke with Reyes who claims that Land Consultancy does not require a license under the FSC Act and affirmed that the issue will be dealt with soon. The FSC advises members of the public who transact business with this entity do so at their own risk.