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Location: Central Bank of Bahrain Volume 5—Specialised Licensees > Common Modules (Applicable to all Specialised Licensees) > Part A > Business Standards > FC Financial Crime > FC-8 AML & CFT Measures > FC-8.2 Terrorist Financing > FC-8.2.4
  • FC-8.2 Terrorist Financing

    • FC-8.2.1AA

      LicenseesG must implement and comply with United Nations Security Council resolutions relating to the prevention and suppression of terrorism and terrorist financing. LicenseesG must freeze, without delayG , the funds or other assets of, and to ensure that no funds or other assets are made available, directly or indirectly, to or for the benefit of, any person or entity either (i) designated by, or under the authority of, the United Nations Security Council under Chapter VII of the Charter of the United Nations, including in accordance with resolution 1267(1999) and its successor resolutions as well as Resolution 2178(2014) or (ii) designated as pursuant to Resolution 1373(2001).

      Amended: October 2019
      Added: April 2017

    • FC-8.2.1

      LicenseesG must comply in full with the provisions of the UN Security Council Anti-terrorism Resolution No. 1373 of 2001 ('UNSCR 1373').

      October 2010

    • FC-8.2.2

      [This Paragraph was deleted in January 2018].

      Deleted: January 2018
      October 2010

    • FC-8.2.3

      A copy of UNSCR 1373 is included in Part B of Volume 5 (Specialised Licensees), under 'Supplementary Information' on the CBB Website.

      October 2010

    • FC-8.2.4

      LicenseesG must report to the CBB details of:

      (a) Funds or other financial assets or economic resources held with them which may be the subject of Article 1, paragraphs c) and d) of UNSCR 1373; and
      (b) All claims, whether actual or contingent, which the licenseeG has on persons and entities which may be the subject of Article 1, paragraphs c) and d) of UNSCR 1373.
      October 2010

    • FC-8.2.5

      For the purposes of Paragraph FC-8.2.4, 'funds or other financial resources' includes (but is not limited to) shares in any undertaking owned or controlled by the persons and entities referred to in Article 1, paragraph c) and d) of UNSCR 1373, and any associated dividends received by the licenseeG .

      October 2010

    • FC-8.2.6

      All reports or notifications under this Section must be made to the CBB's Compliance Directorate.

      October 2010

    • FC-8.2.7

      See Section FC-5.3 for the Compliance Directorate's contact details.

      October 2010

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