PARLIAMENT yesterday unanimously rubber-stamped its approval on a royal decree that would penalise individuals who fund terrorism or receive terror funding from within Bahrain or abroad with life in prison and up to BD500,000 fine.
The amendment to the 2001 Restricting and Combating Money Laundering and Financing Terrorism Law was issued under a Royal decree by His Majesty King Hamad.
It was urgently ratified by the King during parliament’s recess in October in line with direct instructions from the Financial Action Task Force on Money Laundering (FATF).
It has now been sent to the Shura Council for review.
Meanwhile, Parliament and Shura Council Affairs Minister Ghanim Al Buainain used his right to postpone a vote for a week on an urgent proposal to protect a lake opposite Bahrain International Airport with reclamation work being set to carry out on it.
The proposal has been submitted by five MPs led by parliament woman and child committee vice-chairman Ali Al Muqla.
“We don’t know if the lake is earmarked for major infrastructure development so we can’t tell parliament to go ahead, and we don’t know if it would remain a lake for it to be protected,” said Mr Al Buainain. “It could be private property and that’s another issue.”
Mr Al Mulla said it needed protection due to it being a natural bird sanctuary.
“We want it protected as Arad and Tubli Bays, protecting it would be beneficial to the country’s natural resources.”