Comprehensive JBOS compliance enablement for the second bank in Bahrain
10xDS has delivered end-to-end automation for JBOS compliance for yet another Bahrain Bank. With the introduction of the Judicial Banking Orders System (“JBOS”) in Bahrain, the Ministry of Justice, Islamic Affairs, and Waqf (abbreviated “MOJ”) Bahrain banks are required to implement the new system for blocking and unblocking orders with all banks. Phase 1 that covers one of the many scenarios that cover most customer accounts was concluded back in June 2023 and with the current deployment, all the scenarios are covered comprehensively.
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