New measures aim to combat financial crimes
TDT | Manama
Email: mail@newsofbahrain.com
Social Development Minister, His Excellence Osama Al Alawi, has issued Decision No. 78 of 2025, laying down detailed procedures to combat money laundering, terrorist financing and the illicit cross-border transfer of funds in the work of entities licensed to raise money for public purposes.
The decision applies to any legal person licensed to collect funds, or notified of the ministry’s consent to receive donations, for public charitable, social, educational or cultural aims.
It requires each licensee to appoint a compliance officer, tasked with monitoring observance of the relevant laws and ministerial decisions.
The compliance officer must ensure that all procedures and controls required under the law and related decisions are applied, that the proceeds of donations are spent on the purpose for which the ministry granted the licence, and that the sanctions list and national terrorism lists are observed. This screening covers members of the board of directors, founding members, employees.
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