THE KINGDOM OF BAHRAIN’S NATIONAL RISK ASSESSMENT 2025

6 OBJECTIVE 1. The National Risk Assessment (NRA) is a systematic process to identify, evaluate, and mitigate potential risks of money laundering (ML), terrorist financing (TF) and proliferation financing (PF) that could affect the country. The outcomes of the NRA will be utilized to develop a risk-based approach, ensuring effective allocation of resources to mitigate the identified risks, ultimately strengthening the Kingdom’s capacity to combat ML, TF and PF. The Kingdom of Bahrain also will maintain an up-to- date risk assessment to reflect evolving or emerging ML, TF, and PF risks. 2. The NRA process is organized and led by the AML/CFT Committee, which includes several working groups that are comprised of representatives from all relevant Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) stakeholders in the Kingdom of Bahrain. The NRA was conducted in collaboration with the private sector to develop a holistic risk assessment. 3. The NRA seeks to provide a comprehensive assessment of the Kingdom of Bahrain’s ML, TF and PF risks through identifying, analysing and evaluating threats, vulnerabilities taking into account the consequences. Subsequently, the assessment findings guided the formulation of the national AML/CFT/CPF strategy and the action plan. 4. Post-implementation procedures of the AML/CFT/CPF strategy have been approved and adopted by the Committee to Combat Extremism, Terrorism and its Financing and Money Laundering to demonstrate the Kingdom’s high-level political commitment. This ministerial-level committee established pursuant to Royal Decree (50) of (2020) is mandated to study all issues and the allocation of resources relating to combating extremism, fighting terrorism and its funding, as well as countering money laundering and proliferation financing risks.