Regulatory Alerts2024-12-02
Added · Updated
Securities Commission of The Bahamas Notice on FATF Public Statement Regarding DPRK, Iran and Myanmar
Licensees and registrants of the Securities Commission of The Bahamas are informed that calls for action regarding the Democratic People’s Republic of Korea, Iran, and Myanmar remain in effect. The notice reminds these entities of their obligations under the International Obligations (Economic Ancillary Measures) Orders for DPRK and Iran, requiring enhanced due diligence and countermeasures to address money laundering, terrorist financing, and proliferation financing risks.
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