Manama: The Central Bank of Bahrain has stringent laws and regulations in place to combat money laundering.
This was stated by the Governor of the Central Bank of Bahrain who affirmed that the Kingdom of Bahrain attaches great importance to combating money laundering and taking the necessary measures to maintain confidence in the Bahraini banking system.
Rashid Al-Maraj, Governor of the Central Bank of Bahrain stated that with regard to criminal cases that have already been issued final rulings as well as those are still being examined by the courts related to banks that have been involved in money laundering crimes, the money belonging to those banks had already been confiscated. It was previously seized according to judicial decisions issued by the Public Prosecution, and this reservation will continue until all cases related to these banks are settled.
