The building of Bahrain’s Ministry of Justice, Islamic Affairs and Endowment in the capital Manama. (BNA)

July 16, 2020

The Bahraini Public Prosecution fined Future Bank and three Iranian banks on Thursday with around $2.6 million in two money-laundering cases.

Three officials in Future Bank were sentenced to five years in prison and a fine of $2,659,574 each, according to the prosecution’s Instagram page.

The amounts of money transferred as part of the criminal act was also seized, the post added.

Al Arabiya

About Track Persia

Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.