Regulatory Alerts2026-07-22
Added · Updated
Bahamas Securities Commission Notice on DRC Sanctions List Update under IOEAMA
The Securities Commission of The Bahamas directs licensees and registrants to comply with updated United Nations Security Council sanctions regarding the Democratic Republic of Congo. Entities must report any positive matches to the Financial Intelligence Unit and the Office of the Attorney General within 24 hours of this notice. Failure to submit required reports constitutes an offence punishable by a fine not exceeding $250,000.00, with potential disciplinary action including a minimum fine of $200.00 per day.
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