Securities Commission of The Bahamas Notice on Al-Shabaab Sanctions Compliance

Date: 22 May 2024 Dear Registrant/Licensee: Re: International Obligations (Economic and Ancillary Measures) Act, Chapter 16 (IOEAMA): Al-Shabaab 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 21 May 2024, the Security Council Committee pursuant to resolution 2713 (2023) concerning Al-Shabaab approved the addition of the entries specified in the United Nations press release attached hereto to its Sanctions List of individuals and entities subject to the measures imposed by the Security Council and adopted under Chapter VII of the Charter of the United Nations. The press release can also be found at the web address below:

1. https://press.un.org/en/2024/sc15703.doc.htm Licensees and registrants are urged to take all appropriate actions to ensure full compliance with section 3A IOEAMA, Part IV, “Implementation of United Nations Security Resolutions”, of the Anti-Terrorism Act, and regulation 8 of the Anti-Terrorism Regulations. Licensees and registrants must confirm compliance within 30 days of the date of this notice and on a quarterly basis thereafter by submitting Form 1A or 1B attached, as appropriate. Where there is a hit regarding a sanctioned individual or entities, licensees and registrants must report to the Financial Intelligence Unit and the Office of the Attorney General to the attention of DLA A. Bonamy￾antoinettebonamy@bahamas.gov.bs, and copied to NIRFC Dr. Cassandra Nottage￾cassandranottage@bahamas.gov.bs without delay. Please note that licensees and registrants are also required to submit confirmation of compliance to the Commission where there are no findings or ‘hits’. Licensees and registrants are further required to file an annual declaration, certifying that their operations are in full compliance with the aforementioned legislative provisions, signed by at least two Directors of its Board of Directors or in the alternative, one Director and the compliance officer registered with the Commission. The Commission further advises that the filing deadline relative to the annual declaration is 31 January annually. See Form 2 attached. Please be advised that failure to submit the required reports may result in disciplinary action, including a minimum fine of $200.00 per day per Order. All confirmations of compliance and declarations should be addressed to: The Executive Director Securities Commission of The Bahamas Poinciana House North Building, 2nd Floor 31A East Bay Street P. O. Box N-8347 Nassau, The Bahamas Email: SUDfilings@scb.gov.bs

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:https://www.un.org/securitycouncil/sanctions/2713/materials
3. Consolidated UNSC Sanctions List: https://www.un.org/securitycouncil/content/un-sc￾consolidated-list A copy of this notice, as well as the above-mentioned 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 Telephone: 1 (242) 397-4100

FORM 1A  [REGISTRANT/LICENSEE LETTERHEAD]  NOTICE  RE: [Name of (i) International Obligations (Economic and Ancillary Measures) Order Citation/  (ii) Notice of the listing to the United Nations Sanctions List]  This notice is to confirm that [Name of Registrant/Licensee] has conducted a review of its databases  and  records  (including  transaction  records)  for  any  findings  related  to  [Cite  Order/and/or  Individual/entity added to United Nations Sanctions List], and hereby confirms that there were no  positive results.  _______________________________  Compliance Officer 

FORM 1B  [REGISTRANT/LICENSEE LETTERHEAD]  NOTICE  RE: [Name of: (i) International Obligations (Economic and Ancillary Measures) Order Citation/ (ii)  Notice of the listing to the United Nations Sanctions List]  This is to confirm that [Name of Registrant/Licensee] has conducted a review of its databases and  records (including transaction records) for any findings related to [Cite Order and/or  Individual/entity added to United Nations Sanctions List], and hereby advise of the following  positive results, which have been reported to the Attorney General and Financial Intelligence Unit:  Name of Individual/Entity  Account/Transaction Details     ____________________________  Compliance Officer 

FORM 2  [REGISTRANT/LICENSEE LETTERHEAD]  DECLARATION  We, [Name of Director] and, [Name of additional Director/Compliance Officer] hereby declare that  the operations of [Name of Registrant/Licensee] are in full compliance with the following Orders: 

1. [List of International Obligations (Economic and Ancillary Measures) Orders relevant to this  Declaration].  ______________________________    ____________________________________          DIRECTOR          DIRECTOR/COMPLIANCE OFFICER