Rule · SCB · 31 Dec 2024
The Securities Commission of The Bahamas informs licensees and registrants that the Security Council Committee has removed a specific entry from the United Nations Libya Sanctions List on 20 December 2024. Licensees and registrants are required to exclude the individual listed in the associated United Nations press release from their maintained lists of designated entities and individuals. They are further urged to regularly consult the specified UNSC website addresses to ensure continued compliance and accurate record keeping.
Date: 30 December 2024
To: All Registrants and Licensees
Re: International Obligations (Economic and Ancillary Measures) Act, Chapter 16 (IOEAMA): Libya 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 20 December 2024, the Security Council Committee pursuant to resolution 1970 (2011) concerning Libya has removed the entry specified in the United Nations press release attached hereto from its Sanctions List of individuals and entities. The United Nations press release can be found at the web address below:
1. https://press.un.org/en/2024/sc15953.doc.htm
Please be advised that licensees and registrants are required to exclude the individual listed in the United Nations press release set out above, from the list of United Nations designated entities and individuals which they maintain. Licensees and registrants 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:
1. UNSC: https://www.un.org/securitycouncil/
2. UNSC Sanctions list materials: www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list
3. Consolidated UNSC Sanctions List: www.un.org/securitycouncil/content/un-sc-consolidatedlist
A copy of this notice, as well as the abovementioned 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
Tel: 1 (242) 397-4100
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