Regulatory Alerts2025-07-25
Added · Updated
Securities Commission of The Bahamas Notice on FATF Public Statement on 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 countermeasures regarding business relationships and transactions with the Democratic People’s Republic of Korea, Iran, and Myanmar. Licensees must apply these measures to address money laundering, terrorist financing, and proliferation financing risks, while adhering to existing economic ancillary measures orders for the DPRK and Iran. The notice reminds regulated entities of their obligations under the International Obligations (Economic Ancillary Measures) Orders for the DPRK and Iran, which remain in effect.