Regulatory Alerts2026-02-16
Guidelines on Targeted Sanctions in the Fight Against Terrorism Financing and the Proliferation of Weapons of Mass Destruction
The Bank of the Republic of Haiti issued these guidelines to mandate financial institutions to immediately freeze funds and assets of persons or entities designated by the UN Security Council or Haitian authorities for terrorism financing or weapons proliferation. The document establishes comprehensive operational procedures, including continuous database screening, strict prohibitions on providing services or processing transactions for listed parties, and detailed protocols for account management, loans, and transfers. It further outlines the legal framework based on UN resolutions and the 2023 Anti-Money Laundering Decree, specifies conditions for unfreezing essential expenses, and defines administrative penalties and fines for non-compliance.