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Participation in a workshop on “Anti-Money Laundering and Compliance Management Implementation in the Qatari Financial Industry” 20/Nov/2011

Participation in a workshop on “Anti-Money Laundering and Compliance Management Implementation in the Qatari Financial Industry”

Under the patronage of the National Anti-Money Laundering and Terrorism Financing Committee(NAMLC), the Financial Information Unit participated in a workshop organized by Al Khalij Commercial Bank (al khaliji) QSC on the “Anti-Money Laundering and Compliance Management Implementation in the Qatari Financial Industry” held at the Diplomatic Club on November 17th. At the beginning of the event and in his welcoming address, Sheikh Hamad Bin Faisal Bin Thani Al Thani, al khaliji Chairman said:

"This workshop, organized with the Qatar’s National Anti-Money Laundering and Terrorism Financing Committee, not only shows our commitment to implementing the committee’s rules and regulations, but also emphasizes the importance local financial institutions can play in supporting Qatar’s 2030 Vision in developing a modern and competitive economy. By complying with both local and international regulations, financial institutions, along with support from the State of Qatar, can create an environment where business can thrive. To fulfill the vision, therefore, it is more than a commitment – it is an obligation."

H.E. Sheikh Ahmed Bin Eid Al Thani, Head of Qatar Financial Information, Member of the National Anti Money Laundering and Terrorism Financing Committee also delivered his opening speech along with the Executive Secretary of the Middle East and North Africa Financial Action Task Force (MENAFATF), Mr. Adel Al Qulish.

A number of presentations were also delivered by the staff of the Financial Information Unit on “Suspicious Transaction Reporting and Case Studies”.

It is worth mentioning that this workshop was well received and constituted a platform where attendees and representatives from the Qatar Banking and Financial sectors in the State of Qatar were able to exchange and share knowledge and experience on this specific topic.


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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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