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  • FATF Recommendations

    • FC-9.1.1

      The Financial Action Task Force (FATF) Recommendations (see www.fatf-gafi.org) (together with their associated interpretative notes and best practices papers) provide the basic framework for combating money laundering activities and the financing of terrorism. FATF Recommendations 9-12, 15-17, 18-21, 26-27, 33-35, 37 and 40 and the AML/CFT Methodology are specifically relevant to the insurance sector.

      Amended: October 2015
      Amended: January 2007

    • FC-9.1.2

      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 2015