Kingdom of Bahrain; Detailed Assessment on Anti-Money Laundering and Combating the Financing of Terrorism

This paper discusses key findings of the Detailed Assessment on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Bahrain. The assessment was based on the 2003 Financial Action Task Force (FATF) 40 Recommendations. The assessment identifies recommendations on how certain aspects of the system could be strengthened. The assessment reveals that the AML/CFT effort is taken seriously in Bahrain and the Kingdom has worked hard over the past few years to implement an extensive AML framework to address the risk of money laundering.

MoreLess

Year of publication:	2007-03-29
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Bank legislation \| money laundering \| terrorist \| terrorist financing \| terrorism \| law enforcement \| financing of terrorism \| criminal liability \| due diligence \| criminal activity \| suspicious transactions \| international cooperation \| suspicious transaction \| beneficial ownership \| financial crimes \| predicate offence \| customer identification \| legal assistance \| criminal proceeds \| compliance officer \| terrorist organizations \| administrative sanctions \| account opening \| beneficial owners \| regulatory requirements \| dual criminality \| competent authorities \| penal code \| legal entity \| law enforcement agencies \| money laundering offence \| criminal investigation \| foreign branches \| international standards \| internal controls \| transaction records \| judicial authorities \| legal arrangements \| supervisory authorities \| precious metals \| supervisory authority \| terrorist act \| transaction reports \| terrorist financing cases \| money laundering cases \| unusual transactions \| shell banks \| suspicious transaction reports \| terrorists \| national security \| suspected terrorist \| transaction reporting \| financial intelligence unit \| good faith \| legal entities \| control information \| suspicious transaction reporting \| assessing compliance \| asset forfeiture fund \| lawful purpose \| customer identification information \| business relationships \| collective investment schemes \| market intermediaries \| international law \| terrorist assets \| anti-terrorism \| supervisory agencies \| terrorist activities \| combating money laundering \| insurance intermediaries \| criminal law \| terrorist organization \| client money \| wire transfer \| enforcement powers \| foreign authorities \| combating money \| terrorist targets \| terrorist financing purposes \| mutual evaluation \| customer identity \| trust service providers \| market manipulation \| value transfer \| regulatory environment \| customer identification requirements \| predicate crimes \| securities accounts \| criminal sanctions \| predicate offences \| share information \| administrative liability \| extraditable offence \| money launderers \| due diligence requirements \| risk categories \| illegal activity \| information exchange \| criminal case \| adequate sanctions \| compliance program \| shell bank \| explosives \| reporting obligations \| terrorist acts \| terrorist target \| criminal activities \| money laundering activities \| criminal nature \| life insurance \| precious stones \| evidence gathering \| suspicious activity \| negotiable instruments \| identification procedures \| suspicious transaction report \| insurance policies \| exchange information \| payable through accounts \| financial crime \| factual circumstances \| account number \| law enforcement authorities \| life insurance policies \| anonymous accounts \| illegal origin \| enforcement authorities \| internal audit \| prudential purposes \| risk profile \| customer identification records \| terrorism financing \| criminal organizations \| suspected money laundering \| illegal gambling \| terrorist financing requirements \| supervisory responsibilities \| financial activity \| foreign jurisdiction \| customer accounts \| anti-terrorism conventions \| terrorist bombings \| internal programs \| formal extradition proceedings \| secrecy laws \| criminal offense \| due diligence standards \| marking of plastic explosives \| account files \| suspicious activities \| illegal proceeds \| due diligence process \| risk management \| currency transactions \| domestic legislation \| laundering activities \| due diligence measures \| intelligence units \| internal control systems \| money laundering regulations \| supervisory regime \| criminal conviction \| physical protection \| law enforcement officer \| internal rules \| money laundering purposes \| securities firms \| nuclear material \| identification data \| supervisory agency \| money laundering requirements \| undercover operations \| extradition requests \| foreign counterpart \| due diligence procedures \| supervisory environment \| foreign jurisdictions \| confidentiality requirements \| confiscation of property \| key priority \| plastic explosives \| risk accounts \| fighting money laundering \| financial intelligence units \| money laundering investigations \| insurance supervisors \| integrity standards \| organized crime \| international currency transactions \| financial transactions \| criminal cases \| investigative techniques \| supervisory framework \| anti-terrorism convention \| customer identification data \| international terrorism \| law enforcement officers \| civil forfeiture \| correspondent bank \| law enforcement agency \| banking supervision \| fair trial \| assessment methodology \| drug trafficking \| risk management systems \| confiscated assets \| investigative powers \| united nations security

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 07/134 9 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244311