12 money-laundering cases reported last year in Bahrain

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

A group of detectives commissioned with tracking and monitoring “dirty money” reportedly investigated 12 cases last year before referring them to the Public Prosecution, it was revealed. According to the annual report issued by the Financial Investigation unit at the Ministry of Interior, which also uncovered that six illegal offshore money transfers, were documented and referred to the Public Prosecution.

Shaikha Mai bint Mohammed Al Khalifa, Director of the Financial Investigation Unit, said in the report that the crimes of money laundering, terrorist financing and illegal cross-border transfer activities are a result of the continued development of society, and we can call them “modern-day crimes.” She explained that “the impact of these crimes goes beyond individuals, as they have a detrimental cluster effect on the societies of these individuals and their national interests.”

In its 2019 report, the unit had monitored two cases of money laundering and 15 cases related to non-disclosure of cash at the border outlets. The report also documented nine cases of terrorist financing during 2019.