Financial Crime World

Title: Qatar’s War on Economic Crime: Collaboration and Innovation at the Forefront

Effective Compliance in Combating Economic Crimes Conference

Doha, Qatar – The University of Doha for Science and Technology (UDST) recently hosted the Effective Compliance in Combating Economic Crimes Conference under the patronage of Her Excellency Sheikha Al Mayassa bint Hamad bin Khalifa Al-Thani. Organized by the Qatar Association of Certified Public Accountants (QCPA), the event aimed to foster collaboration and share knowledge on the latest strategies in combating economic crimes.

The Significance of Combating Economic Crimes

  • Dr. Hashim Al-Sayed, Chairman of QCPA, emphasized the importance of fighting economic crimes in today’s globalized world.
  • Economic crimes pose serious threats to nations, leading to detrimental economic, social, and political consequences.

Qatar’s Proactive Stance

  • Qatar has focused on cooperation among law enforcement agencies.
  • The country promotes awareness and due diligence.
  • Digital technologies are adopted to combat economic crimes.
  • The goal is to protect security, economy, and society.

Knowledge Exchange and Cooperation

  • Dr. Salem Bin Nasser Al-Nuaimi, President of UDST, highlighted the importance of knowledge exchange and cooperation.
  • The conference is a platform for experts to exchange ideas and strategies in battling economic crimes.

Digitalization and Economic Crimes

  • Dr. Rachid Benlamri, Vice President of UDST, underscored the challenges posed by the digitalization of services and financial transactions in relation to economic crimes.

Conference Discussions

  • The importance of auditing in adhering to anti-money laundering and terrorist financing regulations was discussed.
  • Participants acknowledged the need for a united global effort to combat economic crimes.
  • Experiences in dealing with various challenges were shared.

UDST-QCPA Cooperation Agreement

  • On the sidelines of the conference, UDST signed a cooperation agreement with QCPA.
  • This collaboration aims to enhance professional relations, exchange resources, and develop academic and professional initiatives.
  • Opportunities for students and boosting the accounting and auditing profession in Qatar are expected as a result.