Regulatory Alerts2019-08-04
Blocking Requirements Module (BL)
The Central Bank of Bahrain requires all financial licensees to immediately block, unblock, or inquire about customer assets in response to court and Public Prosecutor orders. Licensees must utilize the centralized online blocking system, maintain real-time monitoring processes, and implement board-approved policies to prevent unauthorized asset transfers or premature customer notifications. Failure to comply with these operational and reporting obligations triggers direct enforcement actions against the licensee under Article 128 of the CBB Law.
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