Duty to notify the Central Bank of change of address

(1) It shall be a condition of every licence granted under this Act that the Central Bank shall be notified forthwith of any change of address of a licensee’s business office in Belize. 21 (2) Every person who fails to comply with the provisions of sub-section (1) of this section shall pay, on being called upon by the Central Bank to do so, two thousand dollars for each day that it failed to notify the Central Bank of the change of address. Types and Requirements of Offshore Banking Licences