AML/CFT/CPF

Public Notice

Re-application of United Nations Security Council Resolutions related to Iran

Pursuant to Section 3A of the International Obligations (Economic & Ancillary Measures) Amendment Act, 2019 and to the United Nations Security Council resolution 2231 (2015), SFIs are hereby informed that all provisions of the United Nations Security Council Resolutions 1696 (2006), 1737 (2006), 1747 (2007), 1803 (2008), 1835 (2008), and 1929 (2010) concerning the Islamic Republic of Iran, have been re-applied in the same manner as they applied prior to the adoption of resolution 2231 (2015) on 20 July 2015.  Accordingly, the sanctions list established pursuant to resolution 1737 (2006) which includes 43 individuals and 78 entities; that were listed before the adoption of resolution 2231 (2015) on 20 July 2015 (2015), has been re-established: Security Council Re-application of UN Security Council Resolutions related to Iran.

Request for Information

In accordance with the Anti-Terrorism Act, 2018 as amended, and the Group of Financial Services Regulators (“GFSR”) Targeted Financial Sanctions Reporting Forms Guidance Notes (“GFSR Joint TFS Guidance Notes”), the Central Bank of The Bahamas hereby requires that all SFIs licensed in The Bahamas, as a matter of high priority, review their client records to determine whether they hold funds, other financial assets, or economic resources owned or controlled, directly or indirectly, by persons or entities listed on the Sanctions List or any person(s) acting on their behalf or at their direction.

Questions regarding this Notice should be submitted to:

Analytics Unit

Bank Supervision Department

Central Bank of The Bahamas

Email: [email protected]