Pursuant to Section 3A of the International Obligations (Economic & Ancillary Measures) Amendment Act, 2019, supervised financial institutions (“SFIs”), are informed regarding updates made by the United Nations Security Council (“UN Security Council”) Committee. As such, all SFIs licensed in The Bahamas, as a matter of high priority, are required to 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 by the specified deadline. Any positive findings (“hits”) are required to be reported to the Financial Intelligence Unit and the Attorney General.
Document Title | Date Issued | |
---|---|---|
Industry Briefing 2019 | 2019-11-06 | |
Additional Entry to the ISIL/Al-Qaida Sanctions List | 2019-09-03 | |
Designated Entities Removed from the United Nations List | 2019-05-09 | |
Additional Entry to the ISIL/Al-Qaida Sanctions List | 2019-04-03 | |
Additional Entry to the ISIL/Al-Qaida Sanctions List | 2018-04-12 | |
Notice - International Obligations (Economic and Ancillary Measures) (Libya) Order, 2011 | 2011-06-02 | |
Notice - International Obligations Act_ Iran 2010 (Amendment) | 2011-01-11 | |
Notice - International Obilgations Act_Libya | 2010-01-11 | |
Notice - International Obilgations Act_Liberia | 2009-07-14 | |
Notice - International Obligations Act Korea Congo Iran | 2009-03-20 | |
Orders made persuant to the international obligations Chapter 16 | 2008-10-07 | |
Afghanistan Order - Public Notice | 2003-10-02 |