The Bahamas financial regulator has ordered a ban on doing business with parties under U.S. and other Western sanctions imposed over the war in Ukraine. We are talking about individuals and legal entities associated with Russia and Belarus who fell under restrictive measures.
The Commonwealth of the Bahamas is a state on the islands of the same name north of the Caribbean Sea and Cuba, southeast of the Florida peninsula. In 1973, the islands became independent from Great Britain.
“Today, the Central Bank of the Bahamas, in conjunction with other members of the Bahamas Financial Services Regulatory Authority, issued directives to controlled financial institutions prohibiting business activities with parties subject to sanctions by the United States and certain other Western countries in response to the war in Ukraine,” reads in the message of the Central Bank of March 12.
Organizations that are licensed or authorized to operate in the Bahamas or within the Bahamas are ordered not to engage in transactions with sanctioned individuals, legal entities or enterprises associated with Russia and Belarus. We are talking about sanctions imposed by the US, Canada, the UK and the EU.
Sanctions were imposed against Russia because of a special military operation in Ukraine.
Follow its consequences in the online broadcast “Kommersant”.