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  • AML-9.2 AML-9.2 Terrorist Financing

    • AML-9.2.1AA

      Capital Market Licensees must implement and comply with United Nations Security Council resolutions relating to the prevention and suppression of terrorism and terrorist financing. Capital Market Licensees must freeze, without delay, the funds or other assets of, and to ensure that no funds or other assets are made available, directly or indirectly, to or for the benefit of, any person or entity either (i) designated by, or under the authority of, the United Nations Security Council under Chapter VII of the Charter of the United Nations, including in accordance with resolution 1267(1999) and its successor resolutions as well as Resolution 2178(2014) or (ii) designated as pursuant to Resolution 1373(2001).

      Amended: January 2022
      Amended: October 2019
      Added: April 2017

    • AML-9.2.1

      Capital Market Licensees must comply in full with the provisions of the UN Security Council Anti-Terrorism Resolution No. 1373 of 2001 ('UNSCR 1373').

      Amended: January 2022
      Added: October 2010

    • AML-9.2.2

      [This Paragraph was deleted in January 2018].

      Deleted: January 2018
      October 2010

    • AML-9.2.3

      A copy of UNSCR 1373 is included in Part B of Volume 6 (Capital Markets), under 'Supplementary Information' on the CBB Website.

      October 2010

    • AML-9.2.4

      Capital Market Licensees must report to the CBB details of:

      (a) Funds or other financial assets or economic resources held with them which may be the subject of Article 1, Paragraphs (c) and (d) of UNSCR 1373;
      (b) All claims, whether actual or contingent, which the Capital Market Licensee has on Persons and entities which may be the subject of Article 1, Paragraphs (c) and (d) of UNSCR 1373; and
      (c) All assets frozen or actions taken in compliance with the prohibition requirements of the relevant UNSCRs, including attempted transactions.
      Amended: January 2023
      Amended: January 2022
      Added: October 2010

    • AML-9.2.5

      For the purposes of rule AML-9.2.4, 'funds or other financial resources' includes (but is not limited to) shares in any undertaking owned or controlled by the Persons and entities referred to in Article 1, Paragraphs (c) and (d) of UNSCR 1373, and any associated dividends received by the Capital Market Licensees.

      Amended: January 2022
      Added: October 2010

    • AML-9.2.6

      All reports or notifications under this section must be made to the CBB's Compliance Directorate.

      October 2010

    • AML-9.2.7

      See section AML-4.3 for the Compliance Directorate's contact details.

      October 2010