A decree-law imposing fines of up to BD1 million and possible jail terms on anyone conducting unlicensed financial activity in Bahrain has been unanimously approved by the Shura Council.
The move comes under Decree-Law No 37 of 2025, which amends Article 161 of the Central Bank of Bahrain (CBB) and Financial Institutions Law, significantly tightening penalties on those who provide regulated financial services without a licence from the CBB or misuse banking and insurance terminology to mislead the public .
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