Regulatory Alerts2026-07-27
Added · Updated
IOEAMA UNSCR Ref SC16421 Libya 22 July 2026
The Securities Commission of The Bahamas directs licensees and registrants to implement targeted financial sanctions against the vessel Avax, added to the UN Libya Sanctions List on 22 July 2026. Entities must report any positive matches to the Financial Intelligence Unit and the Office of the Attorney General within 24 hours of this notice. 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.
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