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Qatar hosted 12th Plenary Meeting of the Middle East and North Africa Financial Task Force (MENAFATF) 02/Dec/2010

Qatar hosted 12th Plenary Meeting of the Middle East and North Africa Financial Task Force (MENAFATF)

Under the auspices of the National Anti Money Laundering and Terrorism Financing Committee (NAMLC), Qatar hosted on Tuesday November 30, the 12th Plenary Meeting of the Middle East and North Africa Financial Task Force (MENAFATF) against Money Laundering and Terrorist Financing at Sharq Hotel.

Addressing the three-day meeting’s inaugural session, the Governor of Qatar Central Bank, H.E Sheikh Abdullah bin Saud Al Thani underlined that since the international community has first launched the fight against money laundering and terrorism financing, Qatar was devoted to joining the international community in its serious endeavour to combat these dangerous crimes and protect its economy and security from their adverse effects.

H.E Sheikh Abdullah bin Saud Al Thani said that the concerned Qatari authorities exerted strenuous efforts to combat these serious crimes and adopted several measures and procedures to establish an efficient regulatory and supervisory system to face money laundering and terrorism financing crimes in line with the international standards and procedures undertaken by FATF’’s International Cooperation Review Group (ICRG) to enhance the national action plan, and stressed the importance of completing these follow up procedures under MENAFATF supervision.

H.E Sheikh Abdullah bin Saud Al Thani also mentioned that NAMLC played a key role during the past eight years and made significant achievements in laying down an effective national AML/CFT regime, and also participated in many MENAFATF activities, including the hosting of this Plenary.

He added that the State of Qatar laid down a strong legislative structure by enacting primary and secondary legislations for combating money laundering and terrorist financing, and these efforts culminated in enacting this year the Law No. (4) of 2010 on Combating Money Laundering and Terrorism Financing, and  in setting supervisory controls and instructions by the competent national authorities.

All the 18 MENAFATF members, which include Qatar, Jordan, UAE, Bahrain, Tunisia, Algeria, Saudi Arabia, Sudan, Syria, Iraq, Oman, Kuwait, Lebanon, Libya, Egypt, Morocco, Mauritania and Yemen, attended the three-day meeting. Other participants were bodies and countries with an observer seat.

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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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