Regulatory Alerts2025-11-05
Added · Updated
Securities Commission of The Bahamas Notice on FATF Public Statement Regarding DPRK, Iran and Myanmar
The Securities Commission of The Bahamas informs licensees and registrants that Financial Action Task Force calls for action regarding the Democratic People’s Republic of Korea, Iran, and Myanmar remain in effect. Regulated entities are urged to apply enhanced due diligence and, in serious cases, countermeasures regarding business relationships and transactions with these jurisdictions to address money laundering, terrorist financing, and proliferation financing risks. Licensees and registrants are reminded of their existing obligations under the International Obligations (Economic Ancillary Measures) Orders for the DPRK and Iran.
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