Anti-Money Laundering Basic Facts

The Ministry of Industry and Commerce is committed to ensuring that businesses operating in Bahrain are legitimate and conduct their business in accordance with a set of rules and regulations that protect the companies, their shareholders and their clients from the activities of unscrupulous operators. The Ministry has issued a number of Anti-Money Laundering circulars, as well as a number of brochures to assist businesses to understand their obligations under the Anti-Money Laundering Law (Decree No. 4 of 2001) and the Ministerial Order (No. 23 of 2002), and to generally spread awareness of the methods that moneylaunders use, and ways to prevent being unwittingly involved in such criminal activities. This section is intended to assist businesses to understand their obligations under the Anti-Money Laundering regulations, as well as to provide some examples of the types of schemes which are known to exist internationally, so as to help businesses in becoming unwitting elements in criminal transactions.

Know Your Customer (KYC)
What is Money Laundering?
Suspicious Transactions
The Kingdom of Bahrain’s Anti-Money Laundering Regulations
Main Sources of Illegal Funds
How is Money Laundered?
Punishments
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