Bahrain Sentences to Prison Suspects in Money Laundering Cases Related to Iran

A view of Bahrain’s financial district in the capital city of Manama. (Reuters)
A view of Bahrain’s financial district in the capital city of Manama. (Reuters)
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Bahrain Sentences to Prison Suspects in Money Laundering Cases Related to Iran

A view of Bahrain’s financial district in the capital city of Manama. (Reuters)
A view of Bahrain’s financial district in the capital city of Manama. (Reuters)

Bahrain sentenced to prison three suspects in the Future Bank case, and fined them more than 9 million dollars.

The case came to light after the general prosecution revealed in February that some seven billion dollars have disappeared from Future Bank’s records and were used to finance Iranian groups, in violation of sanctions imposed against the country.

A court sentenced the Future Bank officials to five years in jail, fining them each 100,000 dinars. It also fined the implicated banks the same amount and ordered the confiscation of the remitted money.

The Public Prosecution had previously revealed that its investigations have uncovered a plan that permitted Iranian entities, including those implicated in funding terrorism or which are under international sanctions, to carry out international transactions while avoiding organizational auditing.

Future Bank, which is operating under the supervision of Bank Melli Iran and the Export Development Bank of Iran, has carried out thousands of international financial transactions while providing covers for the Iranian entities there through deliberate concealment or removal of basic information while remitting money via the SWIFT network.

The Public Prosecution referred the Future Bank officials and the other implicated banks to the High Criminal Court according to the anti-money laundering and combating funding terrorism law.



Trump’s Saudi Visit to Cement Deeper Strategic Ties

US President Donald Trump during his visit to the Saudi capital Riyadh in May 2017 (SPA)
US President Donald Trump during his visit to the Saudi capital Riyadh in May 2017 (SPA)
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Trump’s Saudi Visit to Cement Deeper Strategic Ties

US President Donald Trump during his visit to the Saudi capital Riyadh in May 2017 (SPA)
US President Donald Trump during his visit to the Saudi capital Riyadh in May 2017 (SPA)

Analysts expect US President Donald Trump’s upcoming visit to Saudi Arabia in mid-May – his first foreign trip since taking office – to lay the groundwork for deeper strategic and security ties between Washington and Riyadh, while boosting economic and investment cooperation.

The White House has officially announced that Trump will visit Saudi Arabia from May 13 to 16, as part of a regional tour that also includes Qatar and the United Arab Emirates.

Analysts told Asharq Al-Awsat that Trump's agenda during his visit is expected to be dominated by the region’s most pressing and complex issues, including Iran’s nuclear program and broader tensions with Tehran, the ongoing war and humanitarian crisis in Gaza, as well as the current situation in Yemen.

In a previous interview with CBS News, Trump described his relationship with the Middle East as “good,” frequently praising Washington’s trade ties with Saudi Arabia and the kingdom’s regional role in promoting peace and stability.

Trump has also repeatedly lauded Saudi Arabia for hosting US diplomatic efforts and facilitating talks aimed at securing a ceasefire between Russia and Ukraine.

Dr. Abdulaziz Sager, chairman of the Gulf Research Center, said several key regional files require resolution or a clear US stance ahead of the president’s Gulf tour.

“Chief among them are Iran’s nuclear file and broader relations with Tehran, the current situation in Yemen, and the humanitarian crisis in Gaza,” he said.

Sager told Asharq Al-Awsat that alongside strategic and security matters, economic issues will also feature prominently during Trump’s visit.

These include Gulf investments in the US economy, the stability of the US dollar, and global oil prices, which he described as “core economic concerns.”

He noted, however, that US tariffs are unlikely to be a priority topic during the trip.

“Unlike with other countries, the trade balance with Gulf states favors the United States, so tariffs are not high on the regional agenda,” he said.

Saudi political analyst Dr. Khaled al-Habbas said the president’s visit is a clear signal of the strength of US-Saudi relations, which have spanned more than eight decades.

“These ties have been built on a solid foundation of mutual interests across political, economic, military, and social fields,” he told Asharq Al-Awsat.

He added that this long-standing partnership has proven vital to the interests of both countries, particularly during regional crises and on the international stage—from the Cold War era to more recent Saudi-led mediation between the US and Russia amid the Ukraine conflict.

Trump’s decision to make Riyadh the first stop on his foreign tour reflects the importance Washington places on its relationship with Saudi Arabia, given the kingdom’s growing influence both regionally and globally, the Saudi analyst said.

“The choice underscores how much weight the US administration gives to its ties with the Kingdom, due to Riyadh’s pivotal role on the regional and international stages, as well as its significant economic and political clout,” al-Habbas explained.

He said the talks between the two leaderships are expected to cover a wide range of shared concerns, including economic cooperation and current political developments across the region and beyond.

“This visit is likely to pave the way for deeper military and political coordination, as well as collaboration in the field of peaceful nuclear energy,” he added.

Saudi Arabia holds a key diplomatic position in the eyes of the White House.

Trump also chose the kingdom as the first destination of his inaugural foreign tour in 2017— a gesture seen by many as a strong signal of the administration’s appreciation and recognition of Riyadh’s regional and international role.

Saudi Arabia has hosted two rounds of talks between the United States and Russia, as well as between the US and Ukraine, as part of ongoing efforts to broker a ceasefire and end the war that has raged for more than three years.

Washington has also expressed appreciation for Riyadh’s role within OPEC, particularly its efforts to stabilize global oil prices.