MANAMA — Bahrain"s Advocate General Ali bin Fadhl Al Buainain has set up a prosecution office specialized in tackling financial crimes and money laundering. The move follows the royal directive regarding the prohibition and combating of money laundering and terrorist financing. The new prosecution office will be headed by a public advocate who will be assisted by Public Prosecution members. The Financial Crimes and Money Laundering Prosecution office is specialized in the crimes stipulated in the Penal Code as well as in special criminal laws and financial and supervisory legislation that include crimes of bribery, embezzlement, appropriation, facilitating the appropriation of public funds, deliberate damage to public funds with the intention of making profits, causing damage through negligence or treachery and abuse of office or influence. It will also investigate money laundering crimes stipulated in Decree-Law 4/2001 regarding the prohibition and combating of money laundering or violating the decisions issued based on it, as well as crimes related to financial disclosure. The establishment of the office marks a fundamental development in the fight against financial crime and money laundering cases as there is a need to have full specialization in tackling such crime and ensure a full time dedication to the investigation and action on the reports received by the Public Prosecution, Al Fadhl said. The move is all the more important amid the existence of the multiple procedures stated in the financial and economic legislation and the law on prohibiting and fighting money laundering and the requirements to investigate such crimes, especially with regard to gathering evidence and recovering funds. The office establishment decision includes organizing the prosecution operations in a way that meets the requirements based on international standards in combating crime. The operations include the creation of an electronic database for the cases and decisions related to controlling illegal funds as well as their nature, value and amount, the orders issued to seize and manage them, and their fate based on the final orders and verdicts. The prosecution will also prepare statistics and provide information to the relevant authorities. — Bahrain News Agency