The Bahrain Monetary Agency (BMA) has participated in the annual meeting of the Offshore Group of Banking Supervisors (OGBS). The 2003 plenary meeting, held in Mauritius, focused on a number of international issues, including combating money laundering and terrorist financing and customer due diligence for banks.
BMA was represented at the meeting by Executive Director, Banking Supervision Khalid Ateeq and Head of the Compliance Unit Khalid Al-Jaber.
The OGBS was formed in 1980 to help promote the setting and implementation of international standards relevant to cross-border banking supervision. The organaization works closely with other leading international regulatory organizations, such as the FATF, which sets international anti-money laundering standards, and the Basel Committee on Banking Supervision. Bahrain is the only OGBS member from the Middle East. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
