Manama: Zeyad Adel Darwish, Undersecretary at the Ministry of Social Development, spoke on the sidelines of the launch of Bahrain’s National Strategy to Combat Money Laundering, Terrorism Financing, and Weapons Proliferation (2025-2027). The event was held in the presence of Shaikh Rashid bin Abdullah Al Khalifa, Minister of Interior and the Chairman of the Committee for Combating Extremism, Terrorism Financing, and Money Laundering, along with representatives of government and private entities.
According to Bahrain News Agency, this initiative involves overseeing the civil sector, including charities, endowments, and non-profit institutions, by updating financial oversight to align with international frameworks and standards, protecting public funds, and directing donations properly. Darwish explained that the Ministry of Social Development plays a crucial role in supervising the civil sector. Financial oversight is being strengthened to safeguard public funds and ensure that donations are directed appropriately.
He emphasized that the National Plan to Combat Money Laundering and Terrorism Financing is a strategic step reflecting Bahrain’s commitment to international standards. He commended the efforts of the Ministry of Interior and the national team for preparing the plan with a clear vision. The oversight system aims to protect civil sector institutions from misuse that could damage their reputation or expose them to legal risks. Civil associations in Bahrain have shown cooperation with these efforts.
Darwish stated that the National Plan is based on a renewable framework subject to regular updates, considering the national risk matrix and legislative developments. This aligns with best international practices, strengthening Bahrain’s position in combating money laundering and terrorism financing. The efforts result from cooperation among 19 government entities and 45 private sector institutions to safeguard the national financial system and support security and stability in the Kingdom.
Dr. Mohammed Mujbel, Assistant Undersecretary for State Cases and International Cooperation at the Ministry of Justice, Islamic Affairs and Endowments, highlighted that the launch of the National Strategy (2025-2027) marks an important stage in Bahrain’s efforts to enhance national and international action in this vital field. He explained that the plan continues Bahrain’s commitment to strengthening its legal and regulatory system, fulfilling international obligations, and protecting the economy.
Mujbel noted that financial crime requires continuous international cooperation. Bahrain, through this plan, reiterates its commitments to regional and international partners and strengthens cooperation with the GCC and relevant international organisations to protect the financial system.
Raghdan Saleh Qassim, Deputy CEO for Foreign Relations Policies at the National Bureau for Revenue, noted the Bureau’s central role in supporting the strategy’s implementation. By evaluating data related to taxable and non-taxable businesses and ensuring accuracy, unlawful activities affecting the economy can be detected. These efforts safeguard the national economy from illicit fund use and strengthen the financial environment.
Qassim added that the plan will inspire confidence among international investors as it reflects Bahrain’s commitment to a safe investment climate. She emphasized Bahrain’s leading position in financial transparency and combating economic crimes, consolidating its reputation as a safe hub for investment.
Alaa Al Hamad, Chief of Compliance and Regulatory Affairs Officer at ila Bank, emphasized that the National Strategy (2025-2027) is a key step in enhancing Bahrain’s international standing. The plan will help boost investor confidence by consolidating the Kingdom’s status as a secure financial environment. She confirmed that banks are committed to adopting the plan’s objectives, strengthening compliance systems to address potential risks.
Al Hammad underlined that the combined efforts of the public and private sectors will bolster Bahrain’s ability to maintain its advanced financial position and confirm its commitment to combating financial crimes.