BAHRAIN’S MONEY LAUNDERING LAW

Bahrain’s Money Laundering Act, enacted in 2001, criminalized various offenses related to money laundering. The law and related regulations are particularly significant given the economy’s diversification into the financial sector. The law also establishes an intelligence unit known as the Anti-Money Laundering Unit, within the Ministry of Interior, with extensive responsibilities in the areas of intelligence and enforcement.

The following questions have been addressed in this article:

What does the law require regarding Suspicious Transaction Reports (STRs)?
Can an act which is not a crime in Bahrain constitute the crime of money laundering?
What money laundering-related offenses does the law proscribe?

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