Public Notice: UN Security Council Sanctions Updates for the Central African Republic

Published: Wednesday August 3rd, 2022

Public Notice

UN Security Council Sanctions Updates for the Central African Republic

Pursuant to Section 3A of the International Obligations (Economic & Ancillary Measures) Amendment Act, 2019, supervised financial institutions (“SFIs”) are hereby informed that, on 29th July 2021, the United Nations Security Council (“UN Security Council”) has renewed the sanctions imposed on the Central African Republic until 31 July 2023.

Request for Information

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 List 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:

Analytics Unit
Bank Supervision Department
Central Bank of The Bahamas
Email: [email protected]

Issued: 3 August 2022