2024-11-25

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Bahamas Securities Commission Notice on UN Security Council Resolution 2758 (2024) Regarding Yemen

The Securities Commission of The Bahamas informs licensees and registrants that UN Security Council Resolution 2758 (2024) renewed the travel ban and asset freeze on designated individuals and entities in Yemen until 15 November 2025. Registrants and licensees are required to ensure continued compliance and accurate record-keeping regarding these United Nations Security Council resolutions. The notice directs regulated entities to consult specific UNSC websites for updated sanctions list materials and consolidated lists.

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Date: 25 November 2024 Dear Registrant/Licensee: Re: International Obligations (Economic and Ancillary Measures) Act, Chapter 16 (IOEAMA): Yemen 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 13 November 2024, the Security Council Committee established pursuant to resolution 2140 (2014) acting under Chapter VII of the Charter of the United Nations, unanimously adopted resolution 2758 (2024) and renewed for 12 months, until 15 November 2025, a travel ban and assets freeze imposed on certain designated individuals and entities in Yemen and extended for 13 months the mandate of the Panel of Experts tasked with assisting the Council’s Yemen Sanctions Committee as specified in the United Nation’s press release attached hereto. The press release can also be found at the web address below:

  1. https://press.un.org/en/2024/sc15896.doc.htm Registrants and licensees are 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: www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list
  4. Consolidated UNSC Sanctions List: www.un.org/securitycouncil/content/un-sc-consolidated-list A copy of this notice 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 Tel: 1 (242) 397-4100