Archive for December, 2009

Gambling ring hides servers pretending to be based in Belize

Saturday, December 26th, 2009

Operators dealing with online gambling illegally were taking Israeli customers pretended to be regulated in Belize. However, they actually had no connection to this offshore jurisdiction.

Israeli police found out that an illegal gambling ring claimed to be based in Belize, but its servers were actually located in Estonia, while bank accounts for the leaders were opened in Israel. was the casino and sports betting site that had no connection to Belize, but it claimed to be regulated by the Belize Gaming Commission.

Two brothers, Idan and Shai Raviv, were arrested by Israeli police for operating the illegal gambling network. The operations stretched from Eastern Europe to England and Israel, whilst Belize apparently was used as a front.

The above-mentioned website is no longer is available. It had claimed that it was owned by Net Games, a Belize incorporated offshore company. However, according to Lincoln Blake, an official from the Belize Ministry of Economic Development, no filings or registration of the gambling site nor its holding company existed. He also said, “We want to advise the Internet community and the general public that there are only two with license to operate from Belize.” Those are Fulton Data Processing and Sports Offshore Limited. Blake asked Internet users to avoid any business with all other operators claiming Belize connections for their online casinos.

Ministers of Foreign Affairs of Belize and Guatemala meet in Washington, DC

Friday, December 18th, 2009

On December 16, 2009, the Honorable Wilfred Elrington, Minister of Foreign Affairs and Foreign Trade of Belize and Attorney General, and His Excellency Haroldo Rodas, Minister of Foreign Affairs of Guatemala, concluded a 1-day meeting in Washington, DC.

At the meeting, the ministers reviewed the Confidence Building Measures that are effective at the Adjacency Zone. The meeting was held under the auspices of His Excellency Jose Miguel Insulza, Secretary General of the Organization of American States. The parties agreed that the OAS would deploy a technical team to the Belize Guatemala Adjacency Zone in order to undertake an evaluation of the implementation of the Confidence Building Measures. Also, it was agreed to make recommendations on improving their effectiveness

The Foreign Ministers of both countries reiterated their commitment to advance the process that was established in the Special Agreement of December 8, 2008. In the agreement, they agreed to submit the territorial differendum to the International Court of Justice for a final resolution after obtaining the approval of the people of Belize and Guatemala via referenda.

Ministry of Housing issues grants for new homes and repairs

Monday, December 7th, 2009

On December 3, the Ministry of Housing and Urban Development issued purchase order for home improvement and home construction in the Freetown Area of Belize City.

The Hon. Michael Finnegan, Minister of Housing and Urban Development, visited the Freetown Constituency Office to deliver the purchase orders to the Area Representative the Hon. Francis Fonseca, who will in his turn distribute these purchase orders to beneficiaries whose applications were approved under the scheme. The scheme was funded through grants received from the Government of Venezuela.

Atlantic Bank launches Credit Relief Program in Belize

Tuesday, December 1st, 2009

Recently, Atlantic Bank Limited announced its Credit Relief Program in Belize as it recognizes the fact that the jurisdiction is in a recession.

Atlantic Bank will actively work with its customers and the community in order to provide relief to those adversely affected by the economic downturn.

Some of the initiatives of the program to be undertaken by the Bank are as follows:
– Local credit card customers who are in good standing will enjoy relief through an interest reduction of 2% per year from December 2009 through December 2010 on their balances.
– All credit card customers will be granted a 2-month waiver on minimum payments effective December 2009.
– Consumer loan customers who have a good credit history may enjoy an additional interest rate reduction on the ongoing Christmas promotional loans.
– Waivers of up to 3 months installments may be granted upon request.
– The Credit Relief Program will be applied to corporate customers by providing solutions aimed at addressing their cash flow shortfalls to assist with their financial stability.