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      Goodman’s Bay Corporate Centre
      P. O Box SP-61567
      Nassau, New Providence
      The Bahamas

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      F: +242 397 6501

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      Albany Financial Centre
      Suite 701
      South Ocean Boulevard
      New Providence
      The Bahamas

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  • Client Focus. Solutions Driven.
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    • Private Trust Companies
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  • Client Focus. Solutions Driven.
  • About Us
    • About Caystone
    • Client Leaders
    • Client Updates
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    • Fiduciary & Corporate Administration Services
    • Concierge Services
    • Private Trust Companies
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  • Contact
  • Client Focus. Solutions Driven.
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    • About Caystone
    • Client Leaders
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Client Update, NewsApril 11, 2022

Caystone’s Statement on Sanctions arising from Russia-Ukraine Conflict

Dear Clients – As you are aware the Global response to the Russia and Ukraine conflict continues to evolve, including the imposition of increasing sanctions and other restrictive measures.

In step with other international sanctions programs, on March 12th, 2022, The Bahamas officially issued directives prohibiting transactions and other activities relating to the financial resources of the Russian Federation and those of certain entities and individuals linked to the Russian Federation.

As your industry partner, we take this opportunity to remind you that no transactions should be processed for sanctioned individuals or entities. Further, any activities or attempts to evade or avoid the directives are also prohibited.

Caystone Solutions Ltd., and its affiliates, will continue to undertake all possible preventative measures and will not knowingly execute, or be involved in, any transactions which benefit a sanctioned person. These measures include, but are not limited to, screening transactions, transaction beneficiaries, correspondent banks, existing and prospective customers against sanctions lists to determine whether any connections to Russia or Belarus exist.

To enable your ongoing vigilance with respect to these matters we provide a link below to the site of the regulator and also to our website. Our website will be updated with all relevant changes. For convenient reference a copy of the International Obligations (Economic and Ancillary Measures) Directives issued by the Attorney General of The Bahamas on March 12, 2022, has been attached. Also please see below links to recent sanctions imposed by various jurisdictions:

  • Bahamas International Obligations and Directives March 12, 2022

We remain at your disposal should you have any queries regarding the information above. We thank you for your cooperation and attention to the directives. Please do not hesitate to contact us should you have any queries regarding the above or if you wish to discuss further.

Regards,
Caystone Solutions Ltd.

Economic Substance/Beneficial Owner UpdatePrev
Bahamas Attains Technical Compliance in 40 of the 40 Financial Action Task Force RecommendationsNext

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Goodman’s Bay Corporate Centre

P. O. Box SP-61567
West Bay Street
Nassau, New Providence
The Bahamas

Albany Financial Centre

Suite 701
South Ocean Boulevard
New Providence
The Bahamas

Contacts

The Bahamas: + 242 397 6500
Brazil: + 55 11 3198 6125
contact@caystone.com

Mexico: + 52 553 687 7104
Switzerland: + 41 43 500 4277
United Kingdom: + 44 203 051 6801
New York: + 718 362 6017

 

Caystone is regulated by the Securities Commission of The Bahamas as an Unrestricted Fund Administrator and a Financial and Corporate Service Provider.
Caystone is regulated by the Central Bank of The Bahamas to provide Private Trust Company services.

This website is for information purposes only and does not constitute an offer or solicitation of products or services where prohibited by law. It is designed to provide general information on our fiduciary services in the jurisdictions we operate, based on the laws and practices at the time of printing. This information is not intended to be exhaustive and does not constitute legal advice.

Copyright © Caystone Solutions Ltd. All Rights Reserved.