Compliance inspections

(1) The Commission may, for the purpose specified in sub- section (2)– (a) inspect the accounts and records of a relevant person, whether in or outside Belize, including the systems and controls of the relevant (b) inspect the assets of a relevant person, including cash, belonging to or in the possession or control of the relevant person; and (c) examine and make copies of documents belonging to or in the possession or control of a relevant person; that, in the opinion of the Commission, relate to a established under this Act. International Foundations [CAP. 24:02 91 (2) A compliance inspection may be undertaken, in the case of a person specified in sub-section (1)(a), (b) and (c), for the purpose of monitoring and assessing such person’s compliance with his obligations under the Money Laundering and Terrorism (Prevention) Act, Money Laundering (Prevention) Regulations and any other Acts, Regulations, Guidelines or Codes relating to money laundering or the financing of terrorism. CAP. 104. (3) The powers and duties conferred or imposed on the Commission by this section are in addition to, and not in derogation of, any other powers and duties conferred or imposed on the Commission by any other law.