Al Doy Supports BD1 Million Penalties for Central Bank Rule Breaches

MP Hamad Al Doy has welcomed Decree-Law No. 37 of 2025, describing it as “timely” in addressing breaches and fraud in the financial sector.

The decree amends Article 161 of the Central Bank of Bahrain and Financial Institutions Law. Under the new amendment, penalties for violations of Articles 40 and 41, or regulations issued under Article 42, now include fines of up to BD1 million and possible prison terms.

The decree was issued by His Majesty King Hamad bin Isa Al Khalifa.

Al Doy noted that the rules apply to banks, other financial institutions, investment firms, and contractors, and said they would strengthen oversight and ensure greater compliance in financial dealings.