Regulatory Alerts2023-08-01
International Obligations (Economic and Ancillary Measures) (United States of America) (Unilateral Sanctions) Directions 2019
The Bahamian Attorney-General issued the 2019 Unilateral Sanctions Directions to implement United States Executive Order 13382 concerning forty designated Iranian petrochemical entities. All regulatory agencies must instruct their licensees to search databases and beneficial owner registers for these designated persons or entities, then report the findings directly to the Attorney-General. The annex explicitly lists the forty targeted Iranian petrochemical companies and their operational addresses, ensuring domestic compliance with U.S. sanctions against weapons of mass destruction proliferation.
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