Regulatory Alerts2026-08-12
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Guidance Note On Self Risk Assessments – (Money Laundering, Terrorist Financing and Proliferation Financing)
The Securities Commission of The Bahamas establishes supervisory expectations for self-risk assessments (SRAs) conducted by all licensees and registrants subject to AML/CFT/CPF obligations. Registrants must document, approve, and maintain SRAs that assess inherent, control, and residual risks across customer, product, delivery channel, geographic, and proliferation financing categories. The guidance mandates annual reviews and updates triggered by specific events, requiring that SRAs demonstrably drive the registrant's compliance programme and be proportionate to the entity's actual risk profile.
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