Compliance Statement

Compliance & AML/CFT

BOKI Bahrain maintains a robust compliance environment that adheres to the CBB Financial Crime (FC) Module, international AML/CFT standards, and best practices.
Our dedicated Compliance and MLRO functions ensure:

  • Strict KYC and due diligence processes
  • Continuous monitoring of customer activity
  • Effective sanctions screening
  • Independent AML reviews and audits
  • Staff training on regulatory requirements
  • Internal Audit
  • The Internal Audit function provides independent assurance on the effectiveness of governance, internal controls, and risk management. It reports directly to the Board Audit Committee.

Commitment to Transparency and Accountability

  • We are committed to:
  • Maintaining open communication with regulators and stakeholders
  • Upholding ethical standards in all dealings
  • Ensuring fair treatment of clients
  • Implementing strong policies aligned with CBB Rulebook, AAOIFI, IFRS, and Basel III
  • Continuous improvement of processes, controls, and systems
  • Our governance approach reflects our dedication to operating responsibly, mitigating risk, safeguarding customer interests, and building a sustainable future for the bank and the markets we serve.

Board Charter

The Board Charter outlines the responsibilities and governance principles of the Board of Directors of BOK International (BOKI) Bahrain. It ensures the Board operates with integrity, independence, and accountability in alignment with the Central Bank of Bahrain (CBB) Rulebook and international best practices.

Purpose

To provide strategic direction, ensure sound governance, and protect the interests of clients, shareholders, and stakeholders.

Key Responsibilities

  • Strategic Oversight
  • Approve strategy, business plans, and key initiatives.
  • Monitor performance and long-term value creation.
  • Governance & Compliance
  • Ensure adherence to CBB regulations, internal policies, and ethical standards.
  • Promote strong Sharia-compliant governance and responsible banking.
  • Risk Management
  • Approve the Bank’s risk appetite and oversee risk controls across credit, market, liquidity,
  • operational, and compliance risks.
  • Financial Oversight
  • Review and approve financial statements, budgets, and capital adequacy assessments.
  • Senior Management Oversight
  • Appoint and evaluate the Acting CEO and senior management.
  • Ensure effective execution of Board directives.