Registrar General’s Department

Public Notice

UNSC Iraq Sanctions Update - Security Council 1518 Sanctions Committee removes one entry from its Sanctions List
Published Date : September 29, 2021

 

To: Non-Profit Organisations (“NPOs”) and Legal Entities 

Date: 23rd September, 2021

 

Pursuant to section 43 of the Anti-Terrorism Act, 2018 (No.27 of 2018) as amended by the Anti- Terrorism (Amendment) Act, 2019 (No. 29 of 2019) and section 3 of the International Obligations (Economic and Ancillary Measures) Act, Chapter 16 (“IOEAMA”) as amended by section 3A of the International Obligations (Economic and Ancillary Measures) (Amendment) Act, 2019 (No. 27 of 2019), the National Identified Risk Framework Coordinator (“NIRFC”) has requested that the Registrar General of The Bahamas circulate the following Notice:

 

On the 21st September, 2021, the Security Council Committee established pursuant to resolution 1518 (2003) removed the following entry from its Sanctions List of individuals and entities:

 

B. Entities and other groups

 

IQe.018 Name: BAGHDAD STOCK EXCHANGE A.k.a.: na F.k.a.: na Address: The White Palace, Al Nidhal Street, P.O. Box 5157, Baghdad,Baghdad, Iraq Listed on: 26 Apr. 2004 Other information:

 

The United Nations press release can also be found at the following web address: https://www.un.org/press/en/2021/sc14642.doc.htm

 

Non-Profit Organisations (“NPOs”) and all legal entities are required to take the following steps:

 

  1. immediately conduct searches of their database and register of beneficial owners to determine whether there is any information in relation to the individuals or entities on the


 

UN Security Council Sanctions List that are associated with Iraq and associated individuals, groups, undertakings and entities;

 

  1. immediately report any “Hits” to the Financial Intelligence Unit and National Identified Risk Framework Coordinator at the Office of the Attorney General;
  2. advise the Registrar General of findings of Nil reports; and
  3. retain a copy of their “Hits” and Nil reports for record keeping purposes and evidence of reviews.

 

 

 

Registrar General’s Department

 

Please download the document below:

 

For Further information please contact:
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  • The NPO Act (No. 25 of 2019) and The NPO (Amendment) Act (No. 28 of 2019)
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