Public Notice - UNSC Regime Renewal - South Sudan

Published: Wednesday June 1st, 2022

Public Notice

Extension of Sanctions on the United Nations Security Council of South Sudan

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”) Committee extended for one year the sanctions regime imposed on South Sudan, inclusive of the financial measures put in place by Resolution 2206 (2015) according to which all Member States are required to take measures to freeze the financial assets of designated individuals and prevent their entry into or transit through their territories (see link below):

Extension of UN Security Council Sanctions on South Sudan (26^th May 2022)

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 on or before 13^th June, 2022. Any positive findings (“hits”) are required to be reported to the Financial Intelligence Unit and the Attorney General.

Questions regarding this notice should be addressed to:

Analytics Unit

Bank Supervision Department

Central Bank of The Bahamas

Email: [email protected]

Issued: 1^st June 2022