Bahraini court fines four banks for involvement in Iran transfers linked to terrorism
A Bahraini court sentenced three officials from the country’s Future Bank to five years in prison and fined them each 1 million Bahraini dinars (over $2.5 million) for their involvement in transfers by Iranian entities linked to terrorism, the chief prosecutor said on Thursday.
Future Bank and three Iranian banks were also fined 1 million dinars for their involvement in helping several individuals finance terrorism and escape international sanctions.
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The Supreme Court issued ten cases related to money laundering, fined the three officials and four banks, as well as confiscated more than $2.5 million funds that were going to be transferred, the chief prosecutor Mohammed Jamal Sultan said on Thursday.
The fines amounted to 70 million Bahraini dinars, he added.