Belize Bank - Suspicious Activity Reports (SARs)

Joseph Lloyd filed this request with the Financial Crimes Enforcement Network (FinCEN), Department of the Treasury of the United States of America.


From: Joseph Lloyd

To Whom It May Concern:

Pursuant to the Freedom of Information Act, I hereby request the following records:

I wish to see any Suspicious Activity Reports (SARs) relating to 'Belize Bank'.

Belize Bank (BB) is the first, oldest continuing, and largest bank in Belize. It has over BZ$825 million in assets (2007) and BZ$182 million of capital reserves (2007). Its network of 13 branches covers the entire country. BB has a 44% market share in loans and 38% market share in deposits. It maintains an international banking subsidiary in the Turks and Caicos Islands. Apart from the normal personal and corporate banking service.

American investors from Mobile, Alabama, incorporated the Bank of British Honduras in 1902, and it commenced operations in 1903. In 1912 Royal Bank of Canada (RBC) bought the bank and proceeded to operate it as a branch.

In 1987, RBC sold the bank to an investment group headed by Lord Ashcroft as Belize Holdings, Inc., then Carlisle Holdings, then Belize Bank Holdings; the new owners renamed the bank, "Belize Bank".

In 2000, Belize Bank established Belize Bank (Turks and Caicos) - "Belize Bank (TCI)." As a result of expanding Caribbean business, in February 2009, Belize Bank Ltd, changed its name to British Caribbean Bank Ltd.

The requested documents will be made available to the general public, and this request is not being made for commercial purposes.

In the event that there are fees, I would be grateful if you would inform me of the total charges in advance of fulfilling my request. I would prefer the request filled electronically, by e-mail attachment if available or CD-ROM if not.

Thank you in advance for your anticipated cooperation in this matter. I look forward to receiving your response to this request within 20 business days, as the statute requires.


Joseph Lloyd

From: Financial Crimes Enforcement Network (FinCEN), Department of the Treasury

Good Afternoon:
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