Financial Intelligence Unit

Sunday, 20 May, 2012

Financial Intelligence Unit

Bahrain Financial Intelligent Unit has been established according to Legislative Decree no.4 of the year 2001 with respect to prohibition of and combating money laundering, which provided the first article of the above-mentioned Decree-Law on the definition of the implementation unit, as the charge of implementing the provisions of this law in accordance with Article 4 paragraph 4 of the law. more

Kingdom of Bahrain has a low level of domestically generated criminal proceeds and therefore believes that the greatest risk of Money Laundering is related to foreign proceeds that might transit through Bahrain.
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Foreign Representatives» recognizes the integration of legal «money laundering and terrorist financing» a unified project
03 January 2012

Committee of Foreign Affairs, Defence, and National Security parliamentary, meets on Monday (January 2, 2011) to discuss the Draft Law to amend some provisions of Decree Law No. (4)

The Kingdom of Bahrain has been aware of the dangers of money-laundering in the wake of increasing economic and financial activities. These activities have resulted in the appearance of illegal money which is trying to find new ways to gain legitimacy.more