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  • AML-A.1 AML-A.1 Purpose

    • Executive Summary

      • AML-A.1.1

        This Module is a comprehensive framework of rules and guidance aimed at combating money laundering and terrorist financing and applies to all Capital Market Licensees. In so doing, it helps implement the FATF Recommendations on combating money laundering and financing of terrorism and proliferation, issued by the Financial Action Task Force (FATF), that are relevant to Capital Market Licensees. It also helps implement IOSCO guidance in this area. The Module also contains measures relating to the combating of fraud in the capital market.

        Amended: January 2022
        Amended: July 2016
        October 2010

      • AML-A.1.2

        The Module requires Capital Market Licensees to have effective anti-money laundering ('AML') policies and procedures, in addition to measures for combating the financing of terrorism ('CFT'). The Module contains detailed requirements relating to customer due diligence, reporting and the role and duties of the Money Laundering Reporting Officer (MLRO). Furthermore, examples of suspicious activity are provided, to assist Capital Market Licensees monitor transactions and fulfil their reporting obligations under Bahrain Law and this Module.

        Amended: January 2022
        October 2010

    • Legal Basis

      • AML-A.1.3

        This Module contains the Central Bank of Bahrain ('CBB') Directive (as amended from time to time) regarding the combating money laundering and terrorism financing and is issued under the powers available to the CBB under Article 38 of the Central Bank of Bahrain and Financial Institutions Law 2006 ('CBB Law'). The Directive in this Module is applicable to all Capital Market Licensees.

        Amended: January 2022
        Amended: July 2011
        October 2010

      • AML-A.1.4

        For an explanation of the CBB's rule-making powers and different regulatory instruments, see section UG-1.1.

        October 2010