Regulatory Alerts2026-08-12
Added · Updated
Notice Re: Issuance of the Guidance Note on Travel Rule Compliance and Return
The Securities Commission of The Bahamas issues the Guidance Note on Travel Rule Compliance for Digital Asset Businesses, effective immediately, alongside a mandatory quarterly filing requirement using Form TRR-1. Registrants must submit their first return by 11 September 2026 for the period 1 April to 30 June 2026, with subsequent filings due twenty business days after each quarter end. The notice establishes a USD/EUR 1,000 threshold for originator and beneficiary information transmission and requires baseline information covering the period from the 2022 Rules' commencement to 31 March 2026 by the same deadline. Non-filing is treated as a compliance matter subject to supervisory measures and administrative penalties, while focused reviews of travel rule compliance are currently underway.
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