Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Regional Body Lauds Qatar's AntiMoney Laundering Drive  Join our daily free Newsletter

MENAFN - Qatar News Agency - 23/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Ha june 23 (qna) - a regional money laundering and terror financing evaluator has lauded qatar's success in implementing a framework of international best practices in this area.

a statement released by the qatar financial centre regulatory authority (qfcra) on behalf of qatar's national anti-money laundering and terror financing committee (namlc) said monday.

middle east and north africa financial action task force (menafatf) the regional body responsible for evaluating countries' progress in combating money laundering and terror financing (aml/cft) praised qatar's success in implementing an aml/cft framework during menafatf's 19th plenary held in manama kingdom of bahrain from june 16 to 18.

qatar delegates presented their progress report to menafatf at this conference. the report detailed steps taken by the country to enhance the aml/cft framework. this result follows qatar implementing the new aml/cft law issued in 2010 qfcra said.

hailing the progress qatar central bank deputy governor and chairman of namlc he sheikh fahad bin faisal althani said "we welcome menafatf's recognition of qatar's significant progress.



"we remain determined and focused to ensure that qatar's aml/cft framework continues to meet the highest standards. qatar's authorities continue to work collaboratively with international agencies to ensure its aml/cft legal and regulatory framework aligns with international best-practice. we look forward to maintaining that co-operation and co-ordination going forward." qatar's 2010 law established a comprehensive framework for aml/cft supervision and enforcement covering the full range of business sectors at risk to money laundering and terrorism financing.

since that time namlc has led determined efforts by its member authorities to deliver a national action plan designed to ensure that qatar becomes a leader in aml/cft.

the adoption of the 2010 law implemented the best international practice and following qatar's most recent report to menafatf qatar's significant actions confirmed its progress and its advancement to menafatf's standard evaluation process the qfcra statement concluded. (qna)


 


Qatar News Agency




  MENA News Headlines
 Jul 27 2016 - SNC-Lavalin seizes contract in QatarMENAFN
(MENAFN) SNC-Lavalin has won an engineering consultancy and support services contract by Oryx GTL, a joint venture between Qatar Petroleum and Sasol of South AfricaIn detail, the five-year long ...

 Jul 27 2016 - Turner & Townsend Mideast income grows 24 pctMENAFN
(MENAFN) Turner & Townsend, A global professional services consultancy, has reported an increase in its Middle East turnover by a quarter, and its profits by nearly a third, in the year ended April ...

 Jul 27 2016 - dorma+kaba to improve cancer centre in JordanMENAFN
(MENAFN) dorma+kaba, a leading player in opening solutions, has inked a contract for The King Hussein Cancer Center (KHCC) expansion in Jordan.In detail, the deal is valued at USD1.4 million and will ...

 Jul 27 2016 - Saudi markets suffer as real estate slowdown goes onMENAFN
(MENAFN) Saudi's real estate markets in Riyadh and Jeddah cities continue to face an overall slowdown in performance, according to a JLL report.JLL, a leading global real estate investment and ...

 Jul 27 2016 - Nakheel logs USD803m profit in H1MENAFN
(MENAFN) Nakheel, Dubai-based and one of the world's leading developers, said it has recorded a 4% net profit increase to USD803 million for the first half of this year.Moreover, the company has ...

 Jul 27 2016 - Pakistani chief of staff discusses military cooperation with Al-SisiDaily News Egypt
(MENAFN - Daily News Egypt) President Abdel Fattah Al-Sisi met with Pakistani ground forces chief of staff Raheel Sharif and the Pakistani prime minister Nawaz Sharif on Tuesday, according to a ...

 Jul 27 2016 - Egypt- Defence Minister holds second meeting with MPsDaily News Egypt
(MENAFN - Daily News Egypt) Defence Minister Sedki Sobhi held a meeting on Monday night with members of parliament. The meeting is the second in two months, following a previous one held in May. ...

 Jul 27 2016 - Counter-terrorism commander asserts full control in Sinai despite daily attacksDaily News Egypt
(MENAFN - Daily News Egypt) Osama Askar, chief of the unified command east of the canal, stressed on Monday that Sinai is completely under the army's full control, noting that terrorists are being ...

 Jul 27 2016 - CBE stabilises US dollar exchange rate, further confuses marketDaily News Egypt
(MENAFN - Daily News Egypt) The Central Bank of Egypt (CBE) stabilised the US dollar exchange rate against the Egyptian pound at EGP 8.78 in its tender on Tuesday. The market is still waiting for ...

 Jul 27 2016 - High prices, inflation increase not behind CBE's decision to keep pound's price against US dollar: analystsDaily News Egypt
(MENAFN - Daily News Egypt) The month of June witnessed a notable increase in the inflation rate. Economic analysts believe that the devaluation of the Egyptian pound significantly increased the ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help