Bahrain fight against money laundering and terror financing crimes is paying off

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain has made significant achievements in combatting money laundering and terror financing crimes. This was emphasised by Public Prosecutor Dr Ali bin Fadhl Al Bouainain as he addressed a major conference highlighting judicial cooperation in the Middle East and North Africa (MENA) combat money laundering and terror-related finance that opened yesterday in Bahrain.

“This has contributed to strengthening the capabilities of law enforcement authorities and overcoming the difficulties and challenges that may encounter international judicial cooperation by identifying effective practices in the face of this type of crimes,” Dr Al Bouainain said.

He noted that the conference reflected Bahrain’s advanced international standing, thanks to its legislative and institutional system as well as successes in combatig money laundering and terror finance, that pose a threat to countries’ security and economic stability.

Dr Al Bouainain stressed the role of judicial cooperation in this regard, and the sincere and effective efforts made by Bahrain in combating these crimes, in accordance with its responsibilities and principles, in order to enforce the law to curb illegal financial flows and prevent the use of organised crime proceeds.

The Public Prosecution is organising under the patronage of Dr Al Bouainain and in cooperation with the Siracusa International Institute for Criminal Justice and Human Rights and the EU’s Anti-Money Laundering and Financing of Terrorism Office.