The International Chamber of Commerce Qatar (ICC Qatar) underlined that the State of Qatar has achieved great successes at the level of combating money laundering.
In a press statement issued yesterday, ICC Qatar stated that 2020 will be an important year for Qatar as the country will be going through an evaluation by the Financial Action Taskforce (FATF), which is the international watchdog that helps combat money laundering and terrorist financing across the globe.
The Secretary-General of ICC Qatar and Board Member of Qatar Chamber, Dr. Khalid Klefeekh Al Hajri stated, “Qatar has made great strides in combating money laundering and terrorist financing, noting that this was obvious by the issuance of the laws.”
Al Hajri stressed the importance of these laws that reflect Qatar’s continued commitment to combating money laundering and terrorist financing in all its forms, in accordance with the latest international standards adopted by major international organizations including Financial Action Task Force (FATF).
“Qatar’s achievements is the result of combined efforts exerted by all competent bodies, ministries and other government agencies that are members of the National Anti-Money Laundering and Combating the Financing of Terrorism Committee, which is responsible for protecting Qatar’s financial system from the risks of money laundering and terrorism financing,” he added.
This statement comes in the context of announcing a seminar to be organized by the ICC Qatar next week under the title: “The Development in the Fight Against Money Laundering and Financing of Terrorism”, in collaboration with Refinitiv - the worlds largest provider of financial markets data.
The one-day seminar will be focusing on the latest developments in global compliance and regulation, the fight against money laundering and the financing of terrorism in the non-banking sectors. The seminar will also highlight the best practices, how to effectively deploy the required approach and find solutions to mitigate this type of risk.
