Public Notice: United Nations Security Council Renews Sanctions and Panel of Experts for Yemen

Published: Thursday November 21st, 2024

Public Notice

United Nations Security Council Renews Sanctions and Panel of Experts for Yemen

Pursuant to Section 3A of the International Obligations (Economic & Ancillary Measures) Amendment Act, 2019, supervised financial institutions (“SFIs”) are hereby informed that, on 13 November 2024, the United Nations Security Council (“UN Security Council”) renewed, for one year, a travel ban and assets freeze on certain designated individuals and entities in Yemen, and extended for 13 months the mandate of the Panel of Experts tasked with assisting the Council’s Yemen Sanctions Committee.

For Information Only:

The Central Bank reminds SFIs licensed in The Bahamas, to periodically 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. Additionally, 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

Email: [email protected]