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National Anti-Money Laundering and Counter-Terrorism Financing Committee 21/Mar/2010

National Anti-Money Laundering and Counter-Terrorism Financing Committee

On 18 March, 2010, a new accomplishment on the AML/CFT scopes in Qatar was made, namely through the ratification of a new law promulgated by the Amiri Decree No. 4 of 2010, which was welcomed by the NAMLCFTC, which described it as a huge accomplishment in terms of the enhanced revision of the more extensive AML/CFT infrastructure in the State, with which it complied during the last 8 months. The law was promulgated following previous procedures taken in 2002, for executing the obligation taken by Qatar for making its AML/CFT law compatible with the international standards. Pursuant to this law, the NAMLCFTC continues to perform its valuable role in establishing the combating strategy in Qatar. The law stipulates the ML/TF crimes and establishes an extensive framework for supervising, controlling and executing the combating works of a various group of business sectors. H.E. Sheikh Fahd bin Faisal Al-Thani, the Chairman of the NAMLCFTC, said in this regard: “Qatar has a long record of cooperation with the international organizations for the sake of establishing the best practices with regard the organizational and legal work for AML/CFT. This law is a part of this tradition, which shows our continuous commitment to be considered a nation that implements the highest governance standards in this regard”.

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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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