AML-A.2.3

A list of recent changes made to this Module is detailed in the table below:

Module Ref.Change DateDescription of Changes
AML-A.1.307/2011Clarified legal basis.
AML-7.107/2011Clarified the Rules dealing with substantial shareholdings.
AML-4.2.310/2014Updated method of submitting STRs.
AML-4.410/2014Updated relevant authorities information.
AML07/2016Updated to reflect February 2012 update to FATF Recommendations.
AML-4.2.307/2016Updated instructions for STR.
AML-1.2.9A01/2017Added guidance paragraph on CR printing
AML-9.2.1AA04/2017Added Paragraph on Implementing and complying with the United Nations Security Council resolutions requirement.
AML-1.1.2A10/2017Added new paragraph on the verification of identity and source of funds.
AML-1.1.2B10/2017Added new paragraph on the verification of identity and source of funds.
AML-1.2.710/2017Amended paragraph.
AML-1.2.8A10/2017Added new paragraph on legal entities or legal arrangements CDD.
AML-2.2.10 – AML-2.2.1110/2017Amended paragraphs on On-going CSS and Transaction Monitoring.
AML-3.1.4A10/2017Added paragraph on combining the MLRO or DMLRO position with any other position within the licensee.
AML-B.2.401/2018Amended paragraph.
AML-1.8.101/2018Amended paragraph.
AML-1.10.101/2018Deleted sub-paragraph (a).
AML-4.2.601/2018Amended paragraph.
AML-9.1.401/2018Amended paragraph.
AML-9.2.201/2018Deleted paragraph.
AML-1.1.207/2018Deleted Sub-paragraph (a).
AML-1.10.207/2018Amended Paragraph deleting cross reference.
AML-1.10.307/2018Deleted Paragraph.
AML-1.10.907/2018Deleted Paragraph.
AML-1.10.101/2019Amended references.
AML-3.3.201/2019Amended references.
AML-3.3.4 — AML-3.3.501/2019Amended references.
AML-1.2.9A10/2019Amended reference.
AML-1.9.210/2019Amended authority name.
AML-3.1.810/2019Amended authority name.
AML-3.2.110/2019Amended authority name.
AML-4.2.310/2019Amended authority name.
AML-4.4.210/2019Amended authority name.
AML-7.1.210/2019Deleted Paragraph.
AML-9.2.1AA10/2019Added a new Paragraph on Terrorist Financing.
AML-B.1.101/2020Added “ crypto-asset licensees”.
AML-B.1.301/2020Deleted Paragraph.
AML-B.301/2020Deleted Section.
AML-C01/2020Added new Chapter “Risk Based Approach”.
AML-101/2020Rename the Chapter to “Customer Due Diligence”.
AML-1.1.101/2020Amended Paragraph on procedures approval.
AML-1.1.201/2020Added sub-paragraph (i).
AML-1.1.14 – AML-1.1.1601/2020Added new paragraphs on “Suspicious Wallet Addresses”.
AML-1.2.101/2020Added sub-paragraph (n).
AML-1.2.501/2020Added new sub-paragraph (f).
AML-1.3.401/2020Added new paragraph.
AML-1.4.701/2020Added new paragraph.
AML-1.5.401/2020Deleted paragraph.
AML-1.901/2020Rename the section to “Shell financial Institutions”.
AML-1.9.101/2020Amended paragraph.
AML-1.1101/2020Added new section “Enhanced Due Diligence for Correspondent Accounts”
AML-2.2.101/2020Amended Paragraph.
AML-2A01/2020Added new chapter.
AML-3.1.501/2020Amended Paragraph.
AML-3.1.5A01/2020Added Paragraph.
AML-3.1.701/2020Amended sub-Paragraph (a).
AML-3.3.201/2020Amended Paragraph.
AML-3.3.501/2020Amended Paragraph on report submission date.
AML-3.3.2A – AML-3.3.2E01/2020Added Paragraphs.
AML-6.1.1A – AML-6.1.1C01/2020Added Paragraphs.
AML-8.1.101/2020Deleted Paragraph.
AML-8.1.1A01/2020Added Paragraph.
AML-11.1.201/2020Added Paragraph.
AML-2.1.3 & AML-2.1.404/2020Added new Paragraphs on KPIs compliance with AML/CFT requirements.
AML-5.1.6A01/2021Added a new Paragraph on requirements to hire new employees.
AML-A.1.301/2022Amended Paragraph to replace financial crime with money laundering and terrorism financing.
AML-C01/2022New revised risk-based approach (RBA).
AML-1.101/2022Amended Section to introduce additional rules for non-resident customers, amendments to customers onboarded prior to full completion of customer due diligence, digital onboarding etc.
AML-1.201/2022Amended Section to include E-KYC and electronic documents law requirements.
AML-1.3.201/2022Amended Paragraph on enhanced due diligence requirements for customers identified as having higher risk profile.
AML-1.401/2022Amended Section to introduce detailed requirements for digital onboarding and related requirements.
AML-1.5.201/2022Amended Paragraph on onboarding non-Bahraini PEPs using digital ID applications.
AML-1.10.8A01/2022Added a new Paragraph on not applying simplified CDD in situations where the licensee has identified high ML/TF/PF risks.
AML-2.2.501/2022Amended Paragraph.
AML-3.3.1B01/2022Amended Paragraph.
AML-3.3.201/2022Amended Paragraph.
AML-3.3.501/2022Amended Paragraph.
AML-3.3.601/2022Deleted Paragraph.
AML-5.1.6A01/2022Deleted Paragraph.
AML-9.2.501/2022Amended reference to Paragraph.
AML01/2022Changed Licensee name to Capital Market Licensees across Module.
AML-C.2.901/2023Minor amendment to Paragraph.
AML-9.2.4(c)01/2023Added a new Sub-paragraph on reporting any frozen assets or actions taken.
AML-1.1.1710/2023Amended Sub-Paragraph on the enhanced diligence for the non-resident accounts.
AML-1.1.2310/2023Deleted Paragraph.
AML-1.1.2410/2023Added a new Paragraph on CDD and Customer onboarding requirements.
AML-1.4.1410/2023Deleted Paragraph.
AML-1.1210/2023Added a new Section on reliance on third parties for customer due diligence.
AML-1.2.101/2024Amended Paragraph on customer due diligence.