Regulatory Alerts2025-06-27
International Obligations (Economic and Ancillary Measures) (Afghanistan) Order 2018
The Governor-General of The Bahamas issued this Order to implement United Nations Security Council resolutions concerning Afghanistan, ISIL, and Al-Qaida by imposing comprehensive asset freezes, arms and economic embargoes, and travel bans on designated individuals and entities. The legislation mandates Bahamian financial institutions to promptly freeze funds matching the UN Sanctions List, report matches to the Financial Intelligence Unit, and process exemption requests through designated government focal points. It further establishes clear listing criteria, delisting procedures via the UN Ombudsperson, and information-sharing gateways to ensure strict compliance with international counter-terrorism obligations.
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