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Participation of Qatar Financial Information Unit in MENAFATF Activities 03/Dec/2012

Participation of Qatar Financial Information Unit in MENAFATF Activities

Qatar Financial Information Unit (QFIU) participated with a delegation from the National Anti Money Laundering and Terrorism Financing Committee (NAMLC) in the 16th Middle East and North Africa Financial Actions task Force (MENAFATF) Plenary meeting that was held in Marrakech from 24 to 29 November 2012, during which a number of important topics related to MENAFATAF work, such as administrative and technical functions and activities, were tackled.

The QFIU demonstrated its active role at the level of the MENAFATF Group, especially during the 6th MENAFATF Financial Intelligence Units Forum, as it called the ME FIUs to cooperate with the Anti-Corruption and Rule of Law Center, after the national cooperation between the QFIU and the Public Prosecution in order to help the ME FIUs build their capacities to recover the stolen assets and address corruption issues. A presentation was also delivered on the role of the ME FIUs and the importance of compliance assessment during a session on the exchange of experience and best practices. In this regard, the QFIU effective and special role in the region was highlighted.

Moreover, the QFIU affirmed its continued sponsorship support to FIU Oman to join the Egmont Group, and endorsed the idea of calling the Egmont Group to attend the Forum as an Observer in order to foster the role of the Forum in building FIUs capacities.
It is also worth mentioning that the QFIU is chairing for 2 consecutive years the Sub-Committee of the Forum and proved its prominent role in submitting and leading proposals and activities which contribute to the promotion of regional cooperation between the ME FIUs.
The QFIU also participated as a legal expert in the mutual evaluation process of the Republic of Sudan, and is currently assuming the vice-presidency of the MENAFATF for the year 2013 and will assume the presidency of MENAFATF in April 2013.

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AML Laws

Law No.(4) of 2010, Combating Money Laundering and Terrorism Financing.
Law No.(3) of 2004, Combatting Terrorism.
Law No.(11) of 2004, Penal Code Of Qatar.
Law No.(23) of 2004, Code Of Criminal Procedures.

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