With an increased focus on anti-money laundering (AML) and countering the financing of terrorism (CFT) risks in financial institutions, the Central Bank of Bahrain (CBB) requires financial institutions to independently review the quality of their AML/CFT procedures, systems and controls – as well as compliance with the AML law and the CBB’s financial crime (FC) module. Annual reviews must conform with the agreed upon procedures (AUP) template introduced by the CBB.

For more details about Agreed Upon Procedures (AUPs) for AML/CFT annual reviews, please refer to our flyer!

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