Money laundering is the process that optically transforms illegally acquired money into money with a legal appearance. This money may then be used to fund criminal or legal business activities. The consequences of money laundering are that legal economic activities are replaced by illegal economic activities. As such, money laundering is a severe threat to our economy. To prevent it becoming a significant part of our economy, the practice must be combated. Rather than completely eliminating money laundering, which is virtually impossible just like any other criminal activity, prevention must be strived for.

The Central Bank of Bahrain (CBB), in its effort to curtail the dangers of money laundering, has mandated BIBF to disseminate awareness on money laundering amongst the banking and financial communities. BIBF has gone beyond the awareness boundary by creating greater opportunities in career development, and protecting the financial industry and the economy at large by advancing anti-money laundering professionals in the GCC/MENA Region.