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  • FATF: Recommendations

    • FC-10.1.1

      The FATF Recommendations (see www.fatf-gafi.org) together with their associated interpretative notes and best practices papers issued by the Financial Action Task Force (FATF) provide the basic framework for combating money laundering activities and the financing of terrorism. FATF Recommendations 2, 8–12, 14–21, 26–27, 32–35, 37 and 40 and the AML/CFT Methodology are specifically relevant to the banking sector.

      Amended: October 2014
      October 07

    • FC-10.1.2

      The relevant authorities in Bahrain believe that the principles established by these Recommendations should be followed by licensees in all material respects, as representing best practice and prudence in this area.

      Amended: October 2014
      October 07