The Central Bank of Bahrain’s (CBB’s) financial crime module (FC3.3.1B) obliges investment firms to report the quality of their anti-money laundering procedures, systems and controls and compliance with the module, for more details please refer to this week’s Financial regulatory compliance newsflash .
The report must be generated by the licensees’ external auditor or a consultancy firm approved by the CBB. The CBB has introduced a supplementary information appendix which includes the agreed upon procedures to be completed for the review.
Keypoint Solutions W.L.L. has been approved by the CBB to review the effectiveness of AML/CFT procedures, systems and controls.