The Financial Services Authority organized, in collaboration with Bahrain Institute of Banking and Financial Studies, a workshop on “Preparing Risk Assessment Report” during the period 6-8 April 2025 via video conferencing with the aims of enhancing efficient implementation of the requirements for combating money laundering and financing terrorism.

The workshop aimed to enhance awareness and knowledge on the requirements of combating money laundering and terrorism financing and included identification, analyzing and assessing various types of risks using sector standards and regulatory requirements.

The workshop emphasized the importance of using data concepts and concise language to convey the risks, recommendations, and comprised processes such as maps and matrixes for risk analysis and overcoming reports’ preparing challenges as well as applying best practices as the institutions must prepare and endorse detailed risk assessment reports. 

The participants were acquainted with  steps for preparing the report, overcoming challenges, applying best practices and using qualitative and quantitative methods to clearly assess potential risks, their impact , mitigation strategies, efficient structuring of reports, clear display of results and distributing the contents to various stakeholders to enhance their understanding and skills in preparing risk assessment reports.

The workshop is part of series of workshops related to combating money laundering and financing terrorism within the plan of the Anti-Money Laundering the Combating Financing Terrorism Department to accomplish the Department’s awareness efforts last year as a number of workshops were executed beside awareness events for the regulated entities.