2024-10-25

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Bahamas Securities Commission Notice on UN Security Council Resolution 2752 (2024) Concerning Haiti

The Securities Commission of The Bahamas informs licensees and registrants that the UN Security Council unanimously adopted Resolution 2752 (2024) on 18 October 2024, renewing the sanctions regime on Haiti for one year. This renewal continues existing travel bans and asset freezes while expanding the scope of the arms embargo and designation criteria initially established in Resolution 2653 (2022). Registrants and licensees are required to take all appropriate actions to ensure full compliance with the International Obligations (Economic and Ancillary Measures) Act and the Anti-Terrorism Act regarding these measures. They are further urged to regularly consult the specified UNSC websites to maintain accurate record keeping and continued compliance.

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Date: 24 October 2024 Dear Registrant/Licensee: Re: International Obligations (Economic and Ancillary Measures) Act, Chapter 16 (IOEAMA): Haiti Pursuant to section 3A of the International Obligations (Economic and Ancillary Measures) Act, Chapter 16 (IOEAMA), licensees and registrants of the Securities Commission of The Bahamas (the Commission) are hereby informed that on 18 October 2024, the Security Council Committee established pursuant to resolution 2653 (2022) concerning Haiti, acting under Chapter VII of the Charter of the United Nations, unanimously adopted resolution 2752 (2024), (to be issued as document S/RES/2752), and authorized the renewal for one year, the sanctions regime on Haiti, continuing a travel ban and asset freeze, and expanding the scope of an arms embargo as well as the designation criteria for those measures initially established in Council resolution 2653 (2022) as specified in the United National press release attached hereto. The press release can also be found at the web address below:

  1. https://press.un.org/en/2024/sc15855.doc.htm Registrants and licensees are reminded of their obligation to take all appropriate actions to ensure full compliance with the s. 3A International Obligations (Economic and Ancillary Measures) Act, Part IV “Implementation of United Nations Security Resolutions” of the Anti-Terrorism Act, and section 8 of the Anti-Terrorism Regulations in relation to Haiti. Registrants and licensees are further urged to regularly consult the following UNSC website addresses, to ensure continued compliance, and accurate record keeping relating to United Nations Security Council Resolutions:
  2. UNSC: https://www.un.org/securitycouncil/
  3. UNSC Sanctions list materials: https://main.un.org/securitycouncil/sanctions/2653/materials
  4. Consolidated UNSC Sanctions List: https://main.un.org/securitycouncil/content/un-sc-consolidated-list A copy of this notice, as well as the above-mentioned listing, can be found on the Commission’s website. Any inquiries concerning this notice may be directed to the Commission at: Poinciana House North Building, 2nd Floor 31A East Bay Street P. O. Box N-8347 Nassau, The Bahamas Email: info@scb.gov.bs Telephone: 1 (242) 397-4100