Regulatory Alerts2026-04-17
Added · Updated
IOEAMA UNSCR Ref SC16341 Individuals 15 April 2026
The Securities Commission of The Bahamas directs all licensees and registrants to ensure full compliance with United Nations Security Council amendments to the 1988 Sanctions List affecting individuals Khalil Ahmed Haqqani, Abdul Rauf Zakir, and entity Haji Khairullah Haji Sattar Money Exchange. Positive matches for these designated persons must be reported via Targeted Financial Sanctions Reporting Forms to the Financial Intelligence Unit and the Office of the Attorney General within 24 hours of the notice's issuance. Failure to submit required reports constitutes an offence punishable by a fine not exceeding $250,000.00, with potential disciplinary action including a minimum fine of $200.00 per day for non-compliance.
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