United Nations Security Council Update for Somalia and South Sudan

Published: Thursday June 1st, 2023

Public Notice

United Nations Security Council Update for Somalia and South Sudan

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 the United Nations Security Council (“UN Security Council”) has made the following updates:

Extension of UN Security Council Sanctions on South Sudan (30 May 2023)

Addition of One Entry to the Somalia Sanctions List (30 May 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.

On the Sanctions List Materials page, select your preferred format to view the South Sudan Sanctions List (i.e. PDF, XML or HTML).

Queries or responses to this notice should be addressed to:

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