National AML-CFT-CPF Strategy 2025-2027

5 NATIONAL STRATEGY TO COMBAT MONEY LAUNDERING, TERRORIST FINANCING, AND PROLIFERATION FINANCING The Kingdom of Bahrain has identified (10) key strategic objectives linked to the National Risk Assessment. Relevant authorities are required to adhere to these objectives in order to achieve the desired levels of compliance with international standards and to mitigate the risks the Kingdom may face regarding money laundering, terrorist financing, and proliferation financing. • Strategic Objective 1 : Enhance the Understanding of ML/TF/PF Risks at the National Level • Strategic Objective 2 : Increase the Effectiveness of Regional and International Co-operation to Combat ML/TF/PF, and Enhance Asset Recovery and Financial Flows Control • Strategic Objective 3 : Increase the Effectiveness of Co-ordination between the Competent Authorities to Pursue ML Offenses and Confiscate Criminal Proceeds • Strategic Objective 4: Strengthen the Framework of Transparency, access to BO Information, Risk- Based Supervision of Legal Persons and Legal Arrangements • Strategic Objective 5: Strengthen Risk-Based Supervision to Limit the Abuse of the Financial Sector in ML/TF/PF • Strategic Objective 6 : Ensure the Effectiveness of Preventive Measures to Combat the Misuse of the DFNBPs Identified for ML/TF/PF Offences • Strategic Objective 7: Strengthen the Procedures for TF Investigations, Ensure the Effective Use of Financial Intelligence, and Prevent the Abuse of NPOs • Strategic Objective 8: Strengthen Regulatory Efforts to Combat the Misuse of Virtual Assets and Fintech in ML/TF/PF • Strategic Objective 9 : Increase the Effectiveness of the Implementation of Targeted Financial Sanctions (TFS) Without Delay • Strategic Objective 10 : Ongoing Updates to the Legal and Regulatory Framework