Manama, May 26 (BNA) The Minister of Interior and Chairman of the Committee to Combat Extremism, Terrorism and Its Financing and Money Laundering, Major General Sheikh Rashid bin Abdullah Al Khalifa, chaired the meeting of the Committee for Establishing Policies to Combat Money Laundering and Terrorism. financing.
The Minister of Interior welcomed the members of the committee, praising their role in strengthening national efforts in combating money laundering and terrorist financing. He said the distinguished efforts led to regional and international recognition.
In this context, the Minister of Interior praised the approval of the third consolidated follow-up report of the Kingdom of Bahrain on the procedures and legislation related to prohibiting and combating money laundering and terrorist financing. The report was approved during the Middle East and North Africa Financial Action Task Force (MENAFATF) meeting held in Bahrain.
He said that the distinguished classification is a regional and international achievement and reflects the national efforts based on laws and legislation.
He said that the adoption of several anti-money laundering and terrorist financing laws contributed to achieving outstanding results.
It should be noted that based on the results of the evaluation and review conducted by a group of international experts, the general meeting of the group agreed to raise the levels of commitment with several recommendations, as the number of recommendations obtained. Increasing advanced and high positions to 39 out of 40 recommendations approved by the Financial Action Task Force (FATF) on issues related to combating money laundering and terrorist financing at the global level.
The Deputy Governor of the Central Bank of Bahrain, Sheikh Salman bin Isa Al Khalifa, expressed his thanks and appreciation to the Minister of Interior for his support for the efforts and initiatives of the committee, noting that his directives had a positive impact in achieving this distinguished global achievement.