The Central Bank of the Bahamas (CBB, in English) reported that the international financial entities that operate in the Atlantic archipelago have more than $2 billion in assets with beneficial owners in or connected to Russia.
In a statement, the CBB disclosed on Monday that in early March the Bahamas Financial Services Regulators Group issued a directive to financial institutions to do not do business with persons or entities related to Russia and Belarus.
The CBB, as a result of this measure, collected data from banks and financial entities that operate in the Atlantic archipelago and maintain ties with Russia.
The results revealed that entities operating in the Bahamas have assets in excess of $2 billion in assets with beneficial owners in or connected to Russia.
In addition, the CBB research local financial institutions to determine any level of exposure to Russian companies or individuals.
Earlier this month, the Bahamian government warned local entities to be cautious about carry out commercial exchanges with any Russian entity or one linked to that country.
The Government of the Bahamas reported that international sanctions are taken into account imposed on Russia because of the attack on Ukraine and developments are closely followed.
“We inform all financial entities in the Bahamas that they must treat transactions in our territory with Russian persons and entities that have been sanctioned by the United States, the European Union, Canada and the United Kingdom with the appropriate precaution,” the statement details. of the Nassau Executive on the matter.
In addition, the Government stressed that considers Russia’s attack on Ukraine to be deplorable.
The Embassy of the United States in Nassau urged the Executive of the Bahamas to limit Russia’s access to the financial system of the Atlantic archipelago and to restrict the country’s airspace to aircraft from the Eastern European country. (I)
Source: Eluniverso
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