Securities Commission of The Bahamas Notice on FATF Public Statement Regarding DPRK, Iran and Myanmar

29 October 2025 Dear Registrant/Licensee: Re: Financial Action Task Force Public Statement on Democratic People’s Republic of Korea, Iran and Myanmar (High-Risk Jurisdictions subject to a Call for Action) 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 (FATF) issued a public statement advising that the calls for action issued by the FATF on 21 February 2020, regarding the Democratic People’s Republic of Korea (DPRK) and Iran, and on 21 October 2022 regarding Myanmar, all remain in effect. FATF’s October 2025 public statement urges all Jurisdictions to apply enhanced due diligence, and in most serious cases, countermeasures, regarding business relationships and transactions, with DPRK, Iran and Myanmar, to address associated money laundering, terrorist financing and proliferation financing risks. Copies of the FATF’s February 2020, October 2022, and June 2025 public statements are attached hereto, and can be found at the following web addresses:

1. February 2020 Public Statement: https://www.fatf-gafi.org/en/publications/High-risk-and-other￾monitored-jurisdictions/Call-for-action-february-2020.html
2. October 2022 Public Statement: https://www.fatf-gafi.org/content/fatf-gafi/en/publications/High￾risk-and-other-monitored-jurisdictions/Call-for-action-october-2022.html
3. October 2025 Public Statement: https://www.fatf-gafi.org/en/publications/High-risk-and-other￾monitored-jurisdictions/Call-for-action-october-2025.html In this regard, licensees and registrants are reminded of their obligations under the International Obligations (Economic Ancillary Measures) (Democratic People’s Republic of Korea) Order 2019 and the International Obligations (Economic and Ancillary Measures) (Iran) Order, 2019 that can be found on the Commission’s website at the following web addresses:
4. https://www.scb.gov.bs/wp-content/uploads/2020/02/DPRK-Order.pdf
5. https://www.scb.gov.bs/wp-content/uploads/2020/02/INTERNATIONAL-OBLIGATIONS-ECONOMIC￾and-ANCILLARY-MEASURES-IRAN-ORDER-2019.pdf A copy of this notice can be found on the Commission’s website. Please direct any inquiries concerning this notice 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