Public Notice on UN Security Council Updates for Mali
Published: Wednesday September 1st, 2021
Renewal of UN Security Council Sanctions against Mali
Pursuant to Section 3A of the International Obligations (Economic & Ancillary Measures) Amendment Act, 2019, supervised financial institutions (“SFIs”) and the general public are hereby informed that, on 30th August 2021, the United Nations Security Council (“UN Security Council”) renewed the sanctions imposed on Mali until 31 August 2022.
The Central Bank hereby requires that all SFIs licensed in The Bahamas, as a matter of high priority, review their client records to determine whether or not they hold funds, other financial assets or economic resources which are either owned or controlled directly or indirectly by the persons or entities listed on the Sanctions List1 or any person acting on their behalf or at their discretion, and report both positive and negative findings to the Central Bank. Any positive findings (“hits”) are required to be reported to the Financial Intelligence Unit and the Attorney General.
Queries or responses to this notice should be addressed to:
The Analytics Unit
Bank Supervision Department
Central Bank of The Bahamas
