National AML-CFT-CPF Strategy 2025-2027

2 INTRODUCTION: The Kingdom of Bahrain combats money laundering, terrorist financing and proliferation financing crimes by aligning with international standards and embedding them within its legislative and regulatory frameworks. In addition to enhancing the role of the authorities concerned with preventing and combating money laundering, terrorist financing and proliferation financing, and empowering the relevant law enforcement authorities to operate in a unified, coordinated and collaborative manner, in line with a risk-based approach, and to allocate resources effectively to the higher-risk areas. Accordingly, the AML/CFT Committee, in coordination with the relevant authorities, has worked on implementing the recommendations and standards for the prohibition and combating of money laundering, terrorist financing and the financing of proliferation. Through its dedicated working groups, the Committee has enhanced existing measures, identified gaps, and developed strategies and action plans necessary to strengthen Bahrain’s compliance with international standards and to ensure the effectiveness of its AML/CFT/CPF framework. These efforts reflect the Kingdom of Bahrain’s leading role and reinforce its commitment and contribution at the national, regional, and international levels. This document falls within the scope of the obligations that the Kingdom of Bahrain is required to fulfill, the implementation of the Financial Action Task Force (FATF) Recommendations, which stipulate that countries must identify and assess themoney laundering, terrorist financing, and proliferation financing risks they face. Countries should also establish mechanisms to coordinate actions to mitigate these risks and ensure that such assessments are updated on a regular and ongoing basis. Among these obligations is the requirement to have mechanisms in place to provide all competent authorities, supervisory bodies, financial institutions, and designated non-financial businesses and professions (DNFBPs) with the necessary information on the outcomes of the National Risk Assessment. The Kingdomof Bahrain has implemented the requirements of the international recommendations and standards related to identifying and understanding risks by conducting a comprehensive National Risk Assessment (NRA) on money laundering, terrorist financing, and proliferation financing at the national level. The AML/CFT Committee, chaired by the Financial Intelligence National Center, oversaw the NRA process, including the