THE KINGDOM OF BAHRAIN’S NATIONAL RISK ASSESSMENT 2025

5 MOIC Ministry of Industry and Commerce MOJ Ministry of Justice, Islamic Affairs and Waqf MOSD Ministry of Social Development MVTS Money or Value Transfer Services NBR National Bureau for Revenue NGO Non-Governmental Organization NIA National Intelligence Agency NPO Non-Profit Organization NRA National Risk Assessment P2P Peer-to-Peer PEP Politically Exposed Person PF Proliferation Financing PPO Public Prosecution Office PSP Payment Service Provider RBA Risk-Based Approach REQ Risk Evaluation Questionnaire RERA Real Estate Regulatory Authority SME Small and Medium Enterprises STR Suspicious Transaction Report TF Terrorist Financing TFS Targeted Financial Sanctions TFTC Terrorist Financing Targeting Center TSP Trust Service Provider UBO Ultimate Beneficial Owner UN United Nations UNODC United Nations Office on Drugs and Crime UNSCR United Nations Security Council Resolutions VASP Virtual Asset Service Provider VA Virtual Asset VAT Value Added Tax WMD Weapons of Mass Destruction