Financial Crime World

Qatar’s Regulatory Authority: Cracking Down on Financial Crime and Terrorism Financing

In its persisting mission to combat financial crime and terrorism financing in Qatar, the Regulatory Authority has established a dedicated unit to monitor and counteract potential risks. Here’s a closer look at their initiatives and responsibilities.

The Dedicated Unit’s Primary Responsibilities

  1. Risk Identification and Assessment: The unit identifies and evaluates financial risks related to money laundering (ML) and terrorism financing (TF) within Qatar’s financial sector.
  2. Setting the Supervisory Agenda: They develop the supervisory agenda for anti-money laundering (AML) and combating the financing of terrorism (CFT) firms.
  3. Implementing Qatari Laws and FATF Standards: The unit implements relevant Qatari laws and international standards set by the Financial Action Task Force (FATF).

Operating under NAMLC

The Regulatory Authority operates under the National Anti-Money Laundering and Terrorism Financing Committee (NAMLC). NAMLC’s collaborative efforts with other Qatari state agencies aim to create robust AML/CFT rules in line with the country’s legal framework and international standards.

Accessing Qatar’s AML/CFT Efforts

For valuable information about Qatar’s progress in AML/CFT, please find the following resources:

AML Laws and Legislation

  • Gain an understanding of the Qatari legislative framework.
  • Explore specific regulations governing AML and CFT.

AML/CFT Regulatory Framework

  • Discover the roles, responsibilities, and functions of various entities.
  • Learn about their involvement in AML/CFT supervision in Qatar.

AML/CFT Publications

  • Obtain essential resources, such as guidelines, circulars, and reports.
  • Support compliance and understanding of Qatar’s AML/CFT regime.

AML/CFT Forms

  • Access essential forms required for reporting issues.
  • Make necessary disclosures.

National and International AML/CFT Bodies

  • Discover details about organizations.
  • Learn about their roles in Qatar’s AML/CFT regulatory landscape.

United Nations Security Council Matters

  • Stay informed on international responses to terrorism financing and money laundering threats.
  • Learn about related Security Council resolutions.

Suspicious Transaction Reports

  • Understand reporting requirements for suspicious transactions.
  • Learn about your obligations to report them to the relevant authorities.