Regulatory Alerts2023-03-06
Added · Updated
Securities Commission of The Bahamas Notice on FATF High-Risk Jurisdictions
The Securities Commission of The Bahamas informs licensees and registrants that the Financial Action Task Force calls for enhanced due diligence and counter-measures regarding business relationships and transactions with the Democratic People’s Republic of Korea, Iran, and Myanmar. These measures address money laundering, terrorist financing, and proliferation financing risks, requiring compliance with existing economic ancillary measures orders for the DPRK and Iran. The notice confirms that these FATF directives remain in effect and directs regulated entities to consult specific statutory orders and public statements for detailed obligations.
Topics
Share