How confidential and secure are Belize offshore trusts and IBCs?
Secure proof enough to withstand even the best efforts of the US SEC. Belize was the first country to turn away the SEC in a landmark Supreme Court ruling. In a landmark decision asserting Belize’s sovereignty as an offshore financial jurisdiction, the Supreme Court of Belize upheld the country’s confidentiality laws by revoking a previous court order set in motion by the Securities and Exchange Commission of the United States requesting that confidential documents, belonging to Swiss Trade and Commerce Trust, Ltd., be handed over to them. In the case, Securities and Exchange Commission (SEC) vs. Swiss Trade and Commerce Trust, Ltd., Banner Fund International, Lloyd Winburn et al, Supreme Court Justice Troadio Gonzalez ruled that documents held by the Belize court belonging to Swiss Trade and sought by the SEC, be immediately returned to Swiss Trade and Commerce Trust, Ltd. Lawyers for Swiss Trade said that what this means for Belize is that this aspect of confidentiality, which is an
