Latest news with #WaelRashidBuallay
Daily Tribune
08-07-2025
- Business
- Daily Tribune
Bahrain Launches New Guide to Recover Crime-Linked Funds and Enforce Seizure Orders
Bahrain's Attorny General, Dr. Ali bin Fadhel Al Buainain, has issued a new directive to enhance the recovery of assets and enforcement of confiscation orders related to criminal activities. Decision No. (47) of 2025 introduces a detailed guideline for handling requests to recover criminal proceeds and enforce court-ordered asset seizures. This guide was developed in line with international standards, including the recommendations of the Financial Action Task Force (FATF), and in close cooperation with key national entities such as the Ministry of Interior, Ministry of Finance and National Economy, Ministry of Justice, Central Bank of Bahrain, and with approval from the Supreme Judicial Council. The guideline outlines clear legal and procedural steps for reclaiming money and assets gained through criminal acts—whether at the request of Bahraini authorities or from international partners. It also explains how to implement confiscation rulings issued by both local and foreign courts. It highlights the roles of each government body involved in such procedures. Improving Transparency and Cooperation Speaking on the occasion, Deputy Public Prosecutor Wael Rashid Buallay emphasized that the new guide is designed to standardize procedures, promote transparency, and ensure that recovered or seized funds are handled properly. It also aims to protect the rights of innocent third parties and ensures that all steps are taken under proper legal safeguards. He noted that the initiative reflects Bahrain's strong commitment to fighting financial crimes, especially money laundering and terrorism financing, and its belief in the importance of robust international cooperation. A Unified National Effort Buallay praised the efforts of all agencies involved, including the National Policy Committee on Anti-Money Laundering and Terrorism Financing, for their role in crafting a practical and thorough document. The guide is seen as a key step in Bahrain's continuing efforts to track and recover illicit gains and prevent criminals from using cross-border tactics to hide or benefit from illegal wealth.
Daily Tribune
31-05-2025
- Daily Tribune
Bahrain breaks ground, Names firm over food scandal
Bahrain's Public Prosecution has set a new legal precedent by publicly naming a company accused of endangering public health, marking a shift in how authorities respond to consumer safety threats. Al Daaysi Markets was identified as the source of expired food products that had allegedly been relabelled with fake expiry dates and distributed for sale. The move was based not on punishing the suspects, but on safeguarding the public, prosecution said. Assistant Public Prosecutor Wael Rashid Buallay explained that naming the company - not the individuals involved - was essential to minimise harm and prevent unsuspecting consumers from using potentially unsafe products. Article 246 Invoked The decision drew on Article 246 of the Penal Code, which allows for the publication of information when deemed necessary for the public interest. Buallay noted that the goods had already entered the market under Al Daaysi's name and through its warehouse, and some may still be in people's homes. 'This is not about reputational damage. It's about alerting the public so no more harm is done,' he said. The step is being seen by legal observers as a significant shift in the application of public interest laws in Bahrain, particularly in cases affecting health and safety. Ongoing Removal Efforts Officials from the Ministry of Industry and Commerce are continuing to locate and remove remaining products tied to the company. Their report revealed that some of the seized items had expired as long as three years ago and included meat and other foodstuffs. Buallay also clarified that unlike previous cases - where violations were caught before reaching consumers - this case warranted a different approach because the food had already been sold to the public. With investigations ongoing, the Public Prosecution's decision to name Al Daaysi Markets is being seen as a decisive move toward greater transparency and accountability in safeguarding public health in Bahrain.
