Money laundering has been the subject of extensive
regulation around the globe. Whilst money laundering is by no means
a new concept, the highly globalised society in which we live,
carrying with it the advancements in communication and
transportation, has allowed financial crimes to transcend all
geographical and practical barriers. As a result, the risks
associated with money laundering have become quite
pervasive.
The legal profession plays a crucial facilitative role for money
laundering operations, and since lawyers may become, knowingly and
unknowingly, implicated in such financial crimes, they have also
fallen within the scope of regulation.
On 17 February 2021, the Bahraini Ministry of Justice, Islamic
Affairs and Endowments (the "Ministry") issued Decision
No. (14) for the Year 2021 Regarding the Procedures to Prohibit and
Combat Money Laundering, Terrorist Financing and the Illegal
Transfer of Funds Across Borders in the Legal profession and
Foreign
