Our work is grounded in ethical conduct, accountability, and the protection of investor interests. Discover the practices, policies, and leadership structure we follow to uphold these standards.
SICO is committed to maintaining the highest standards of AML compliance. Explore the procedures and controls we’ve implemented to safeguard our clients, operations, and the integrity of the financial system.
To comply with the Central Bank of Bahrain’s directives and improve oversight of cross-border payments, SICO now requires a Purpose Code for all cross-border SWIFT transfers.
You can find the full list of codes in the link below. Each code includes the description and details needed to complete your transfer correctly.
This requirement has been mandatory since 31 May 2021, and we cannot process any cross-border payment instructions without the appropriate Purpose Code.
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