Regulatory Alerts2025-01-01
Circular No. 35: Results of the National Risk Assessment for Money Laundering and Terrorist Financing
The Central Bank of Bahrain issued Circular No. 35 to present the results of the 2017-2023 National Risk Assessment for Money Laundering and Terrorist Financing. The assessment determines that the overall national risk for both Money Laundering and Terrorist Financing is Low to Medium, driven by low inherent vulnerabilities in the financial sector and specific threat profiles. The document details risk ratings for 11 supervised sectors, noting that the financial sector remains Low to Medium risk while highlighting emerging threats such as increased electronic fraud.
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