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Bahrain: FATF and MENAFATF releases 2018 AML/CTF evaluation report
The Financial Action Task Force ('FATF') and the Middle East and North Africa Financial Action Task Force ('MENAFATF') published, on 4 September 2018, the Mutual Evaluation Report of Bahrain ('the Report'). In particular, the Report evaluates Bahrain's anti-money laundering ('AML') and counter-terrorist financing ('CTF') system and highlights that overall Bahrain has a moderate and evolving understanding of its money laundering and terrorist financing risks. In addition, the Report notes domestic cooperation and information exchange is strong and proactive at the operational level and that international cooperation between Bahraini authorities and foreign counterparts is collaborative, with particular priority given to dealing with terrorist financing.
You can read the press release here and download the Report here.
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