Public Notice: Renewal of the United Nations Security Council Sanctions Regime for Yemen

Published: Tuesday March 1st, 2022

Public Notice

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 28^th February 2022, 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.

Request for Information

The Central Bank hereby requires that all SFIs licensed in The Bahamas, as a matter of high priority, 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, and report both positive and negative findings to the Central Bank. 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:

Analytics Unit

Bank Supervision Department

Central Bank of The Bahamas

Email: [email protected]

Issued: 1^st March 2022