Regulatory Alerts2025-03-11
Added · Updated
Securities Commission of The Bahamas Notice on FATF List of Jurisdictions under Increased Monitoring
Licensees and registrants of the Securities Commission of The Bahamas are required to incorporate money laundering, terrorist financing, and proliferation financing risks associated with jurisdictions on the FATF's list of Jurisdictions under Increased Monitoring into their business relationship and transaction risk assessments. This obligation applies despite the FATF not calling for enhanced due diligence measures for these jurisdictions. The notice highlights the addition of Lao People’s Democratic Republic and Nepal to the list, the removal of the Philippines, and the deferral of reporting for several other countries, urging registrants to consider this updated information in their ongoing risk analyses.
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