The accreditation of the second follow-up report of the Kingdom of Bahrain on combating money laundering and terrorism financing and the implementation of international standards was hailed.
Parliament Foreign Affairs, Defence and National Security Committee Chairman Mp Mohammed Al Sisi Al Bouainain praised the achievement which was announced during the Middle East and North Africa Financial Action Task Force (MENAFATF) meeting.
He paid tribute to Interior Minister, Head of the committee to counter extremism, money laundering, and terrorism, General Shaikh Rashid bin Abdullah Al Khalifa.
He said that decree “Prohibiting and Combating Money Laundering” passed by the Committee on Foreign Affairs, Defense and National Security was clearly reflected in the efforts of the Kingdom of Bahrain in updating legislation.
He stressed the importance of prohibiting and combating money laundering and criminalizing the financing of proliferation of arms, by making progress in this field by enhancing compliance with the recommendations of the Financial Action Task Force.
“Bahrain is firmed committed to implementing the recommendations related to combating money laundering and financing terrorism and the proliferation of arms”, he said.
Source: Bahrain News Agency