Regulatory Alerts2025-10-21
Added · Updated
Securities Commission of The Bahamas Notice on UNSC Sanctions List Amendments for ISIL and Al-Qaida
Licensees and registrants of the Securities Commission of The Bahamas must report any positive matches to the amended United Nations Security Council ISIL and Al-Qaida Sanctions List within 24 hours of this notice. Reports must be submitted to the Financial Intelligence Unit and the Office of the Attorney General, with confirmation sent to the Commission. Failure to submit required reports constitutes an offence punishable by a fine not exceeding $250,000.00, and non-compliance may result in disciplinary action including a minimum fine of $200.00 per day.
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