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Qatar Financial Information Unit participated in the 4th International Conference on Combating Money Laundering held in Kuwait 21/Dec/2010

Qatar Financial Information Unit participated in the 4th International Conference on Combating Money Laundering held in Kuwait

Qatar Financial Information Unit participated as part of the delegation of the National Anti Money Laundering and Terrorism Financing Committee (NAMLC) in the 4th International Conference on Combating Money Laundering and Terrorism Financing entitled “Help us Combat Money Laundering” held in the State of Kuwait during the period from 13-15/12/2010, which was opened by His Excellency Mr. Ahmed Haroun, Minister of Trade and Industry of Kuwait.

The conference tackled a number of topics, such as the international cooperation and the coordination mechanisms used by the international authorities concerned with combating money laundering and terrorism financing. The adverse effects of money laundering crimes on the economic, social and political systems and other relevant issues were also discussed.

The conference was attended by experts in combating money laundering and terrorism financing from the International Office on Drugs and Crime, in addition to the regional legal adviser for the Middle East in the U.S. Department of Justice, the Director of the Money Laundering Risk Control Unit at the Federal Reserve Bank, the Director of Money Laundering at the Treasury Department, along with local and international representatives.

At the margin of the conference, workshops and seminars were held on efforts and international requirements to combat money laundering and terrorism financing, in particular the recommendations related to the financial institutions and DNFBPs to apply the principle of «know your customer», investigations and prosecutions of money laundering crimes, as well as preventive measures for financial institutions, which include due diligence to combat money laundering crimes.


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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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