Regulatory Alerts2026-02-20
Added · Updated
Financial Action Task Force Public Statement on Democratic People's Republic of Korea, Iran and Myanmar (High-Risk Jurisdictions subject to a Call for Action) 13 February 2026
The Securities Commission of The Bahamas informs licensees and registrants that the Financial Action Task Force calls for action regarding the Democratic People’s Republic of Korea, Iran, and Myanmar remain in effect. Jurisdictions are urged to apply enhanced due diligence and, in serious cases, counter-measures to address money laundering, terrorist financing, and proliferation financing risks associated with these countries. Licensees and registrants are reminded of their existing obligations under the International Obligations (Economic Ancillary Measures) Orders for the DPRK and Iran.