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AML/CFT Methodology for the New Standard (AML) 20/Oct/2013

AML/CFT Methodology for the New Standard (AML)

Qatar Financial Information Unit participated in a workshop on AML/CFT Methodology for the New Standard (AML) presented by IMF – Middle East Center for Economics and Finance in Kuwait from 6-10 of October 2013 and in participation with counterpart FIUs and relevant AML/CFT organizations from Kuwait, Lebanon, Sudan, Yemen, Oman, Mauritania, Egypt, UAE, Qatar, Bahrain, Tunis, Libya and Syria.

The workshop aimed specifically at describing and explaining the methodology for assessing technical compliance with the FATF Recommendations and the effectiveness of AML/CFT Systems and the requirements of the revised AML/CFT international standard and the measures that need to be implemented by countries to bring their AML/CFT regimes in line with the revised FATF Recommendations adopted in February 2012. In this context, Spain and Norway will be evaluated in October 2014 based on the new international standards.

The workshop involved practical exercises for 3 consecutive days which are designed to enhance the participants’ ability to exchange expertise and effectively implement the new international requirements within their countries' AML/CFT legal supervisory and institutional frameworks.

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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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