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 al-thani 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
 Mar 3 2015 - Cruise liner traffic bound for Abu Dhabi to grow 25 percentMENAFN
(MENAFN) An increase of 25 percent in cruise liners calling at Zayed Port will help to lift the number of cruise tourists by 50 percent this season, The National reported.This season above 94 vessels ...

 Mar 3 2015 - UAE non-oil business growth declines in FebruaryMENAFN
(MENAFN) Business activity growth in the UAE non-oil private sector decreased to a five-month low in February but remained strong and above the average for 2014, a corporate survey showed, The ...

 Mar 3 2015 - Kuwait Fund grants USD23.8m to irrigation project in Lao RepublicMENAFN
(MENAFN) Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement in the city of Vientiane with the Democratic Republic of Lao, whereby the Kuwait Fund will offer the government ...

 Mar 3 2015 - Bahrain to launch USD22b development projectsMENAFN
(MENAFN) The government of Bahrain will be carrying out giant development projects with a value exceeding USD22 billion, Minister of Information said, KUNA reported.Bahrain is continuing with its ...

 Mar 3 2015 - KFAED finances USD13.47m loan to BelizeMENAFN
(MENAFN) Kuwait Fund for Arab Economic Development (KFAED) provided a USD 13.47 million loan to Belize to help in a road restoration project, a statement by the fund showed, KUNA reported.The ...

 Mar 3 2015 - FDI in Qatar posts USD30.65bMENAFN
(MENAFN) Foreign direct investments (FDI) inflow to Qatar registered USD30.65 billion at the end of 2012, a 1.2 percent growth from a year ago. Though the FDI has targeted various economic activities ...

 Mar 3 2015 - Oman's Raeco to invest USD395.75m for power expansionsMENAFN
(MENAFN) A total of USD395.75 million will be invested by Rural Areas Electricity Company (Raeco) in the next three years to raise the power generation capacity, transmission lines and distribution ...

 Mar 3 2015 - Kuwait Investment to cut US investmentMENAFN
(MENAFN) The Kuwait Investment Office (KIO), the London branch office of sovereign wealth fund Kuwait Investment Authority, is gradually reducing its overweight stance on US assets after keeping that ...

 Mar 3 2015 - Oman's NDC hits sales revenue of USD60.47m in 2014MENAFN
(MENAFN) National Detergent Co. (NDC), one of the leading FMCG companies in the sultanate, has posted total sales revenue of USD60.47 million for full-year 2014, compared with USD56.13 million a year ...

 Mar 3 2015 - 100 per cent rise in FDI expected this yearKhaleej Times
(MENAFN - Khaleej Times) Egypt expects 100 per cent increase in foreign direct investment, or FDI, during the current fiscal year compared to last year, Investment Minister Ashraf Salman said on ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

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