On 4th September, FATF released the mutual evaluation report on measures to fight money laundering and the financing of terrorism and proliferation.  The summary says that the Kingdom of Bahrain has the foundation for an effective regime to combat money laundering and terrorist finance, but needs to further develop its measures based on risk.  At the time of the on-site visit, Bahrain’s national risk assessment was ongoing.  It says that Bahrain has identified a subset of non-profit organisations for potential terrorism abuse.  The report was adopted at the FATF Plenary in June.



Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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