Regulatory Alerts2024-07-12
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 calls for action regarding the Democratic People’s Republic of Korea, Iran, and Myanmar remain in effect. Regulated entities are required to apply enhanced due diligence and, in serious cases, countermeasures to address money laundering, terrorist financing, and proliferation financing risks associated with these jurisdictions. The notice reminds licensees of their existing obligations under the International Obligations Orders concerning the DPRK and Iran.