Bahrain Banks
Money Laundering and Financial Crimes
YemenComparative Chart The comparative chart that follows the Glossary of Terms below identifies the broad range of actions that jurisdictions have, or have not, taken to combat money laundering, that were effective as of December 31, 2000. This reference chart provides a comparison of elements that define legislative activity and identify other characteristics that can have a relationship to money laundering vulnerability. Where there is no (or only fragmentary) information regarding specific categories, the corresponding cells on the chart have been left blank.Glossary of Terms "Criminalized Drug Money Laun ... [Read More]
Consular Section
If you need to pick up mail or messages while traveling, some banks and international credit card companies handle mail for customers at their overseas branches. General Delivery services at post offices in most countries will hold mail for you. Privacy - Disclaimer ... [Read More]
M) Money Laundering and Financial Crimes
Glossary of Terms"Criminalized Drug Money Laundering": The jurisdiction has enacted laws criminalizing the offense of money laundering related to drug trafficking. "Criminalized Beyond Drugs": The jurisdiction has extended anti-money laundering statutes and regulations to include non-drug-related money laundering. "Record Large Transactions": By law or regulation, banks are required to maintain records of large transactions in currency or other monetary instruments. "Maintain Records Over Time": By law or regulation, banks are required to keep records, especially of large or unusual transactions, for a specified period of time, e.g., five years. "Report Suspicious Transactions": An "M" (for "mandatory") indicates that by law or regulation, banks are required to record and report suspicious or unusual transactions to designated authorities. A "P" indicates that by law or regulation, banks are permitted to record and report suspicious transactions. An effe ... [Read More]
Calendar of Events
FSVC Seminar on SME Strategic Planning for Banks ... FSVC Seminars on SME Credit Evaluation for Private Banks ... Amman, JordanFSVC Seminar on SME Strategic Planning for Banks ... [Read More]
Pillar Programs
The second part will include regional training in a systematic and uniform way, which will promote useful dialogue among market participants and supervisory authorities in the region. The nature, scope and scale of regional training efforts will be customized to match the particular topic(s)and needs and could include: Bank regulation and training seminars; Advanced risk management, underwriting and credit analysis training for executives of publicly-owned commercial banks; International and Intra-regional exchange programs for banks supervisors and regulators. This training will be held in cooperation with regional partners, which may include the Arab Monetary Fund in Abu Dhabi and the Institute of Banking and Finance in Manama, Bahrain. http://www.pfe-mena.org/index.htm ... [Read More]
US Department Of State Post Report
Citibank is the only American bank currently established in Bahrain that provides full commercial banking services (individual Bahraini dinar, U.S. dollar checking and savings accounts, fund transfers). Citibank and several other banks, as well as commercial money changers, accept U.S. Treasury dollar checks or travelers checks and will disburse either U.S. dollars or Bahrain dinars at the established rate, often with a surcharge. However, banks usually do not cash personal checks. Personal checks can be cashed at the NSA Dinar Exchange office and the Embassy. ATMs are available throughout the island. ... [Read More]
Background Notes: Bahrain
Background Notes: BahrainPA/PCSource: Office of Public Communication, Bureau of Public AffairsDate: Nov 28, 199111/28/91Category: Country DataRegion: MidEast/North AfricaCountry: BahrainSubject: Military Affairs, Cultural Exchange, Travel, History, International Organizations, Trade/Economics[TEXT]Official Name: State of BahrainPROFILEGeographyArea: 693 sq. km. (268 sq. mi.); about four times the size ofWashington, DC. Bahrain is an archipelago consisting of 33 islands,only 5 of them inhabited. Cities: Capital--Manama (pop. 122,000--1985 est.). Other city--Al Muharraq. ... [Read More]
Background Notes Archive - Near East and North Africa
U.S. Department of StateBackground Notes: Bahrain, October 1996Bureau of Public AffairsOfficial Name: State of BahrainPROFILEGeographyArea: 693 sq. km. (268 sq. mi.); about four times the size of Washington, DC. Bahrain is an archipelago consisting of 33 islands, only six of them inhabited.Cities: Capital--Manama (pop. 145,000--1993 est.). Other city--Al Muharraq (81,000--1993 est.).Terrain: Low interior plateau and hill on main island.Climate: Hot and humid from May-September, temperate from October-April.PeopleNationality: Noun and adjective--Bahraini(s).Population (1996 est.): 586,000; 66% indigenous.Ethnic groups: Bahraini 63%, Asian 19%, other Arab 10%, Iranian 8%.Religions: Shi'a and Sunni Muslim.Languages: Arabic (official), English, Farsi, Urdu.Education: Attendance--73%. Literacy (1990 est.)--77% (male 82%, female 69%).Work force (1987 est.): 197,000 (about 44% indigenous, 56% expatriate). Industry and commerce--74%. Services--19%. Agriculture--4%. Government--3% ... [Read More]
Bahrain (11/04)
U.S.-Bahraini economic ties have grown steadily since 1932, when Americans participated in the development of Bahrain's oil industry. Bahrain is a regional base for numerous American banks and firms. The U.S. and Bahrain signed a free trade agreement (FTA) in September 2004. ... Bahrain's development as a major financial center has been the most widely heralded aspect of its diversification effort. Bahrain is a regional financial and business center; international financial institutions operate in Bahrain, both offshore and onshore, without impediments, and the financial sector is currently the second largest contributor to GDP. More than 100 offshore banking units and representative offices are located in Bahrain, as well as 65 American firms. Bahrain has also made a concerted effort to become the leading Islamic finance center in the world, standardizing regulations of the Islamic banking industry. It currently has 26 Islamic banks – the largest concentration of Islamic financial institutions. ... [Read More]
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