Public Notice: United Nations Security Council Update for ISIL (Da’esh) and Al-Qaida

Published: Friday January 12th, 2024

Public Notice

United Nations Security Council Update for

ISIL (Da’esh) and Al-Qaida

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 the United Nations Security Council (“UN Security Council”) has updated its Sanctions List as follows:

Amendment of Fourteen Entries on the ISIL (Da’esh) and Al-Qaida Sanctions List (10 January 2024)

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.

Queries or responses to this notice should be addressed to:

Analytics Unit

Bank Supervision Department

Central Bank of The Bahamas

Email: [email protected]

Issued: 12 January 2024