Notice To Authorized Dealers
Published: Tuesday January 1st, 2019
Investment Currency Market Transactions
This Notice is issued by The Central Bank of The Bahamas to draw attention to the importance of banks in conducting due diligence when issuing Investment Currency to applicants for investments.
This issue comes into effect 1st January, 2019 and supersedes those which were previously issued.
Commercial banks are reminded that an approval from the Central Bank for participation in the Investment Currency Market, does not exempt a bank from its responsibility to ensure that it conducts appropriate customer due diligence in accordance with existing AML/CFT/KYC legal and regulatory requirements.
