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Tough new penalties aimed at curbing unlicensed financial activity in Bahrain – including fines of up to BD1 million, potential jail sentences, or both – are set to be debated by the Shura Council on Sunday.
The move comes under Decree-Law No 37 of 2025, which amends Article 161 of the Central Bank of Bahrain and Financial Institutions Law, significantly tightening punishment for anyone who provides regulated financial services without a CBB licence, or misuses banking and insurance terminology to mislead the public .
