Effective Compliance in Combating Economic Crimes Conference: Qatar’s Commitment to Fighting Economic Crimes
Doha, Qatar
October 30, 20XX (QNA)
The Effective Compliance in Combating Economic Crimes Conference took place in Doha, Qatar, under the patronage of Her Excellency Sheikha Al Mayassa bint Hamad bin Khalifa Al-Thani, Chairperson of the Board of Trustees of Qatar Museums. The conference was hosted by the University of Doha for Science and Technology (UDST).
Challenges and Severity of Economic Crimes
Dr. Hashim Al Sayed, Chairman of Qatar Association of Certified Public Accountants (QCPA), addressed the conference, emphasizing the severity of economic crimes as a major challenge for countries.
- Economic crimes pose significant risks to societies and financial systems
- Transnational nature of economic activity has led to the globalization of criminal activity
Qatar’s Strategy to Combat Economic Crimes
Dr. Al Sayed highlighted Qatar’s efforts to combat economic crime through a national strategy that includes:
- Cooperation between law enforcement agencies
- Awareness
- Due diligence
- Financial technology adoption
- Legislative procedures
- Establishment of best practices and institutions
Qatar’s Commitment to Combating Economic Crimes
- Qatar ranks advanced in the Corruption Perceptions Index
- Continued efforts to protect the country’s security, economy, and society
UDST’s Dedication to Knowledge Exchange and Cooperation
Dr. Salem bin Nasser Al Nuaimi, President of UDST, emphasized the university’s dedication to knowledge exchange and cooperation between students and specialists.
- Platform for experts to discuss combating economic crimes in the context of technological advancements and digital services
The Importance of Continued Efforts in Combating Economic Crimes
Vice President of UDST, Dr. Rachid Benlamri, pointed out that economic crimes pose significant risks to societies and financial systems and sought to develop systems to prevent them.
Role of Auditing in Complying with Anti-Money Laundering and Anti-Terrorism Laws
Participants in the conference discussed the role of auditing in complying with the money laundering and anti-terrorism law and noted the significance of adhering to prevailing laws and regulations in combating economic crimes.
Cooperation Agreement between UDST and QCPA
A cooperation agreement was signed between UDST and QCPA to enhance their professional relationship, exchange resources, and develop academic and professional initiatives.
Initiatives from the Agreement
- Organizing training courses
- Conducting research in accounting and economics
- Promoting financial literacy among students
Providing Valuable Opportunities and Developing the Accounting and Auditing Profession
The agreement aims to provide students with valuable opportunities in their fields of study and to strengthen and develop the accounting and auditing profession.