Attorney General Nayef Yousef Mahmoud stated that prosecutors have revealed $4 million money laundering connected to state-owned Iranian banks. Bank of the Future owned and operated by two Iranian Banks, Bank Saderat and Bank Melli are allegedly involved in the laundering of billions of dollars. Also, Nayef said that investigations are still currently going on and more names will soon be released in connection to the scheme.
Already, officials from the Future Bank and three other Iranian banks have been charged for several offences under the Bahrain’s anti-money laundering, terrorist funding and banking laws and regulations.
