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QFIU and CID sign an MoU to cooperate on Anti-Money Laundering 17/Apr/2012

QFIU and CID sign an MoU to cooperate on Anti-Money Laundering

Qatar Financial Information Unit (QFIU) signed on 16/4/2012 a Memorandum of Understanding (MoU) with the Criminal Investigation Department (CID) at the Ministry of Interior (MOI) for the exchange of information and the development of an effective mechanism to combat money laundering in the country and enhance cooperation between the Anti-Financial Crimes Section of the CID and the QFIU.

The agreement was signed by the CID Director Brigadier Musfir Ali Al-Ahbabi and the Head of the QFIU Sheikh Ahmed bin Eid Al Thani.

The QFIU is the central, national agency responsible for receiving, requesting, analyzing and disseminating information concerning suspected proceeds of crime, potential money laundering or potential terrorism financing operations. It has a database of all available financial data and information, and has the authority to exchange information with all national authorities. And by virtue of this MoU, the QFIU may obtain investigative information from the CID, which in turn will make further investigation and collect evidence in coordination with all national competent authorities, each within its own jurisdiction.

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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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