The Bahraini Higher Criminal Court convicted the defunct Bahrain-based financial institution Future Bank, six Future Bank officials, the Central Bank of Iran (CBI), and other Iranian banks in a money laundering case. The court fined the parties a total of 19 million Bahraini dinars and confiscated laundered dollars, euros, Emirati dirhams, and Iranian rials worth approximately $1.3 billion. It also sentenced five of the Future Bank officials to ten years in prison and the sixth to a five-year prison term. The convictions followed an investigation by Bahraini prosecutors into a money-laundering scheme by Future Bank, a joint venture between the Iranian financial institutions Bank Melli and Bank Saderat Iran. The CBI and Iran's government allegedly directed the plot, which carried out illict financial transactions for the benefit of Iranian entities, in particular the CBI.