Securities Commission of The Bahamas Notice on FATF List of Jurisdictions Under Increased Monitoring

29 October 2025
Dear Registrant/Licensee:
Re: Financial Action Task Force Public Statement on list of Jurisdictions Under Increased Monitoring Licensees and registrants of the Securities Commission of The Bahamas (the Commission) are hereby informed that on 24 October 2025, the Financial Action Task Force (the FATF) issued a public statement regarding its list of jurisdictions under increased monitoring. The FATF’s public statement provides updates on the status of Algeria, Angola, Bolivia, Bulgaria, Cameroon, Côte d’Ivoire, Democratic Republic of Congo, Haiti, Kenya, Lao People’s Democratic Republic, Lebanon, Monaco, Namibia, Nepal, South Sudan, Syria, Venezuela, Vietnam, Virgin Islands (UK), and Yemen to the FATF’s list of jurisdictions under Increased Monitoring. The statement also sets out that Burkin Faso, Mozambique, Nigeria and South Africa are no longer subject to FATF increased monitoring. Additionally, licensees and registrants are to note that the reporting for Bolivia, Haiti, Lebanon, the Virgin Islands (UK) and Yemen were deferred, and therefore the statements issued previously by the FATF for these jurisdictions remain in effect but may not reflect the current status of the jurisdiction’s AML/CFT regime. In this regard, licensees and registrants are encouraged to take the ML/TF/PF risks associated with the jurisdictions identified in the FATF’s list of jurisdictions under increased monitoring, into account in their risk assessments of business relationships and transactions, notwithstanding that the FATF does not call for the application of enhanced due diligence measures. A copy of the FATF’s October 2022, February 2023 and October 2025 public statements are attached hereto, and can be found at the following web addresses:

1. October 2022 Public Statement: https://www.fatf-gafi.org/content/fatf￾gafi/en/publications/High-risk-and-other-monitored-jurisdictions/Increased-monitoring￾october-2022.html
2. February 2023 Public Statement: https://www.fatf-gafi.org/en/publications/High-risk￾and-other-monitored-jurisdictions/Increased-monitoring-february-2023.html
3. October 2025 Public Statement: https://www.fatf-gafi.org/en/publications/High-risk￾and-other-monitored-jurisdictions/increased-monitoring-october-2025.html
   A copy of this notice 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
   Tel: 1 (242) 397-4100