Public Notice: Renewal of the United Nations Security Council Sanctions Regime for Yemen
Published: Wednesday February 22nd, 2023
Renewal of the United Nations Security Council Sanctions Regime for Yemen
Pursuant to Section 3A of the International Obligations (Economic & Ancillary Measures) Amendment Act, 2019, supervised financial institutions (“SFIs”) and the general public are hereby informed that, on 15 February 2023, the United Nations Security Council (“UN Security Council”) renewed for one year the arms embargo on Yemen, as well as the travel ban and asset freeze on designated individuals and groups.
The measures were first imposed by Resolution 2140 (2014), relating to the travel ban and asset freeze, as well as the provisions in Resolution 2216 (2015) relating to the targeted arms embargo.
For Information Only
The Central Bank reminds SFIs licensed in The Bahamas, to periodically review their client records to determine whether or not they hold funds, other financial assets or economic resources which are either owned or controlled directly or indirectly by the persons or entities listed on the Sanctions List or any person acting on their behalf or at their discretion. Additionally, any positive findings (“hits”) are required to be reported to the Financial Intelligence Unit and the Attorney General.
On the Sanctions List Materials page, select your preferred format to view the sanctions list (i.e. PDF, XML or HTML).
Queries or responses to this notice should be addressed to:
Bank Supervision Department
Central Bank of The Bahamas
Issued: 22 February 2023