AML-11 AML-11 AML/CFT Guidance and Best Practice
AML-11.1 AML-11.1 Guidance Provided by International Bodies
FATF Recommendations
AML-11.1.1
The 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.Amended: July 2016
October 2010AML-11.1.2
The
Relevant Authorities in Bahrain believe that the principles established by these Recommendations should be followed byCapital Market Licensees in all material respects, as representing best practice and prudence in this area.Amended: January 2022
Amended: July 2016
Added: October 2010Other Website References Relevant to AML/CFT
AML-11.1.3
The following lists a selection of other websites relevant to AML/CFT:
(a) The Middle East North Africa Financial Action Task Force: www.menafatf.org;(b) The Egmont Group: www.egmontgroup.org;(c) The United Nations: www.un.org/terrorism;(d) The UN Counter-Terrorism Committee: www.un.org/Docs/sc/committees/1373/;(e) The UN list of designated individuals: www.un.org/Docs/sc/committees/1267/1267ListEng.htm;(f) The Wolfsberg Group: www.wolfsberg-principles.com; and(g) The Association of Certified Anti-Money Laundering Specialists: www.acams.org.October 2010
