Regulatory Alerts2026-04-14
Added · Updated
IOEAMA UNSCR Ref SC16336 Individuals 13 April 2026
The Securities Commission of The Bahamas directs all licensees and registrants to ensure full compliance with section 3A of the International Obligations (Economic and Ancillary Measures) Act and related anti-terrorism regulations following the UN Security Council's amendment of its 1988 Sanctions List on 13 April 2026. Entities must report any positive matches to the Financial Intelligence Unit and the Office of the Attorney General within 24 hours of the notice's issuance and confirm submission to the Commission. Failure to submit required reports constitutes an offence punishable by a fine not exceeding $250,000.00, with non-compliance also subjecting entities to disciplinary action including a minimum fine of $200.00 per day.