Grant of online gaming licences

(1) The Committee may for and on behalf of the Board, grant to any person, being a company limited by shares and incorporated in Belize under the International Business Companies Act, a licence authorising it to conduct online CAP. 270. (a) of any prescribed description; or (b) of such prescribed descriptions as are specified in the license. (2) The Committee shall not grant a licence to any company unless it is satisfied– (a) that the company is under the control of a person or persons of integrity; (b) as to the beneficial ownership of the share capital of the company; (c) that the activities of the company are under the management of a person or persons of integrity and competence; and 252 Gaming Control (d) that the company has adequate financial means available to conduct online gaming of the descriptions in question. (3) Before granting a licence, the Committee shall consult– (a) the Registrar of International Business Companies; (b) the Financial Intelligence Unit; (c) the Central Bank of Belize; and (d) any other person or body who in the opinion of the Committee may have information which is useful to the Committee in the discharge of its functions under these Regulations. (4) The Committee shall not be required to give reasons for refusing a license. (5) No licence may be granted so that more than one license is held by any person at any time. (6) A person consulted by the Committee under subregulation (3) above shall supply to the Committee such information in their possession relating to holders of and applicants for licences, and officers and servants of those person, as the Committee may reasonably require for the exercise of its functions under these Regulations. (7) The duties imposed and powers conferred by subregulations (3) and (6) may be exercised despite any obligation not to disclose information which would otherwise apply and no suit for breach of confidentiality or other such action shall lie against any person who discloses information, produces documents or renders other assistance in compliance with a request under this Regulation. Gaming Control 253 (8) The Committee shall treat all information received by it pursuant to this Regulation with utmost care and confidence and shall disclose such information only to a law enforcement authority, banking, regulatory or supervisory authority and upon satisfying itself that such information is bona fide by the intended recipient in connection with a criminal investigation, prosecution or proceeding, and provided further that information to overseas regulatory bodies shall only be given pursuant to a legal assistance treaty or otherwise on the basis of reciprocity. Second Schedule.