In particular, with relatively low levels of domestically generated criminal proceeds, the greatest risk of money laundering and terrorist financing comes from questionable proceeds that transit Bahrain and the region. Being an international financial centre, of course, the potential for proceeds to transit through our financial system is increased. This poses particular challenges to our supervisors and law enforcement agencies.
It means that we are more likely to be used by criminals in the layering stage of money laundering rather than in other stages of the process.