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01 November 2001
The government of The Bahamas has passed legislation to assist the international efforts to seize the assets of terrorist organizations affiliated or linked with the Taliban and Usama bin Laden.
The International Obligations (Economic and Ancillary Measures) [Afghanistan] Order 2001 was made by the governor general in exercise of the powers conferred by Section 3 of the International Obligations (Economic and Ancillary Measures) Act 1993.
The order, which came into effect on September 25 2001, makes it an offence for a person, directly or indirectly, to supply, sell or transfer the following to Afghanistan (under Taliban control) or to any person in Afghanistan:
Flights to and from Afghanistan are also prohibited from taking off from, landing in or flying over The Bahamas, unless the flight is of a humanitarian nature.
Persons in The Bahamas, as well as Bahamians outside The Bahamas, are prohibited from dealing in property, wherever situated, held by or on behalf of:
They are also prohibited from providing financial or any other services to, from, for the benefit of, or on the direction or order of any of the persons or entities stipulated above.
Banks are prohibited from transacting business with Usama bin Laden, the Al-Qaida organization, and any individuals or entities associated with Usama bin Laden or the Al-Qaida organization as designated from time to time by the attorney general, after consultation with the governor general of the Central Bank and the director of the Financial Intelligence Unit. Banks are also ordered to freeze all accounts held in the name of Usama bin Laden, the Al-Qaida organization, or any individuals or entities associated or allegedly associated with Usama bin Laden or the Al-Qaida organization as designated by the attorney general from time to time.
For further information on this topic please contact Kenred Dorsett or Michael Paton at Lennox Paton by telephone (+1 242 502 5000) or by fax (+1 242 328 0566) or by email (email@example.com or firstname.lastname@example.org).
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