Money laundering and financing terrorism has been identified as a major threat to the International financial services community. The Bahrain Government, in common with Bahrain Monetary Authority and Capital Market Authority (CMA) in Bahrain, has passed legislation designed to prevent money laundering which imposes certain requirements upon institutions licensed in their jurisdiction.

As Al-Mutawa International Investment S.P.C is registered, authorized and based in Bahrain, Bahrain legislation is of primary importance to the company. Al-Mutawa International Investment S.P.C has adopted the Bahrain requirements as a statement of the minimum standards to be adopted to minimize the use of its products and services for money laundering and terrorist financing.

Policy Objectives

The objectives of this Policy are:

• To prevent use of Al-Mutawa International Investment S.P.C’s products or services for money laundering.
• To prevent damage to Al-Mutawa International Investment S.P.C’s name and reputation by association with money launderers.
• To ensure that Al-Mutawa International Investment S.P.C complies with money laundering legislation / regulations wherever it does business.

Policy Scope

Meeting the requirements of this Policy is considered of paramount importance and takes precedence over other commercial aspects of managing our customer relationships.

Policy Application

Al-Mutawa International Investment S.P.C will implement policies and procedures to the standards required by the Bahrain legislation (or to any higher standard required internationally), which will:

• Identify and know its customers.
• Ensure that adequate records are kept and preserved.
• Provide training for relevant employees to enable them to understand and fulfil their obligations under the Bahrain legislation.
• Ensure suspicious transactions are reported to the Compliance Officer who will determine whether a report is to be made to the authorities and to the Bahrain Financial Intelligence Unit FIU)...
• Provide the Compliance Officer with all reasonable access to information that may be of assistance to him/her in carrying his/her duties.
• Ensure that all necessary controls and communications are in place and are operating effectively to prevent money laundering.
• This Policy should always be read and operated in conjunction with Al-Mutawa International Investment S.P.C’s detailed AML/CTF and KYC procedures.

Policy Ownership

The responsibilities connected with this Policy are:

• The overall ownership of this Policy rests with Al-Mutawa International Investment S.P.C’s Compliance Committee.
• The day–to-day custodian of the Policy is the Anti-Money Laundering Compliance Officer who also controls the amendments required to this Policy as a result of changing internal and external requirements.
• The Anti-Money Laundering Compliance Officer is responsible for ensuring that all Al-Mutawa International Investment S.P.C’s employees comply with this Policy.