MOI
His Excellency Interior Minister General Shaikh Rashid bin Abdullah Al Khalifa receives Executive Secretary of the Middle East & North Africa, Financial Action Task Force (MENAFATF) and Head of Combating Exterminsim, Anti-terrorism and Financing and Anti-Money Laundering Committee, Suliman Aljabrin. The Chief Executive Officer of the Financial Intelligence National Centre (FINC) and Head of the committee in charge of setting policies to prohibit and combat money laundering and terrorism funding, Shaikha Mai bint Mohamed Al Khalifa attended.
At the beginning of the meeting, the Interior Minister hailed the role of the MENAFATF Secretariate in fighting money laundering and terrorism financing and applying international standards in this regard. He asserted the constructive cooperation between Bahrain and the international group to promote Bahrain as a trusted international financial and banking centre.
He noted that Bahrain achieved a high position due to low anti-money laundering risk scores, per the 2023 Anti-Money Laundering Index of the Basel Institute on Governance. He said the milestone reflects Bahrain’s good anti-money laundering frameworks, laws and excellent national performance.
He highlighted a set of strategic initiatives that are being implemented within a specific time frame by the concerned authorities out of Bahrain’s dedication to updating anti-money laundering and terrorism financing combating policies. He highlighted the FINC's role in promoting national efforts to prepare for the next phase of a comprehensive evaluation that the Kingdom will undergo in the coming years.
