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
 Oct 9 2015 - Qatar- QSE falls 34 points, bullish phase continuesGulf Times
(MENAFN - Gulf Times) Qatar Stock Exchange failed to surpass the 11,800 mark as its key index lost 34 points, after being in a bullish phase for the last three consecutive sessions.Consumer goods, ...

 Oct 9 2015 - Saudi said to order spend curbs amid oil price slumpGulf Times
(MENAFN - Gulf Times) Saudi Arabia is ordering a series of cost-cutting measures as the slide in oil prices weighs on the kingdom's budget, according to two people with knowledge of the matter.The ...

 Oct 9 2015 - KSA- SABB Q3 profit rises 7.7% to $304mnGulf Times
(MENAFN - Gulf Times) Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 7.7% rise in third-quarter net profit yesterday, in line with analyst forecasts. The bank, an ...

 Oct 9 2015 - Qatar wealth fund said interested in Glencore agriculture unit saleGulf Times
(MENAFN - Gulf Times) The sovereign wealth fund of Qatar has joined investors expressing an interest in buying a minority stake in Glencore's agriculture business, according to three people familiar ...

 Oct 9 2015 - Almost 300 Europe-bound migrants arrested in LibyaGulf Times
(MENAFN - Gulf Times) Libyan authorities said almost 300 migrants, a third of them from Senegal, were arrested Thursday as they prepared to board boats for the Mediterranean crossing to Europe."After ...

 Oct 9 2015 - Netanyahu moves to lower tensions over holy siteGulf Times
(MENAFN - Gulf Times) Prime Minister Benjamin Netanyahu has banned Israeli cabinet ministers and legislators from visiting a sensitive Jerusalem holy site where rising tensions have spilled over into ...

 Oct 9 2015 - France carries out fresh strikes against IS in SyriaGulf Times
(MENAFN - Gulf Times) France said on Friday it had carried out a second wave of strikes overnight on Islamic State targets in Syria and accused Russia of failing to target the group."Two Rafale jets ...

 Oct 9 2015 - UN envoy proposes Libya unity governmentGulf Times
(MENAFN - Gulf Times) UN envoy Bernardino Leon proposed a Libyan unity government on Friday aimed at ending years of conflict, but the plan was quickly dismissed by members of the country's two rival ...

 Oct 9 2015 - Tunisian dialogue mediators win Nobel Peace PrizeGulf Times
(MENAFN - Gulf Times) Tunisia's National Dialogue Quartet won the Nobel Peace Prize on Friday for building democracy in the country after the 2011 revolution which unleashed the Arab Spring.The award ...

 Oct 9 2015 - Four Arabs stabbed in southern Israel, Jewish suspect heldGulf Times
(MENAFN - Gulf Times) Four Arabs were stabbed in a town in southern Israel on Friday and a Jewish suspect was arrested, police said. The attacks follow a surge in knife violence by Palestinians ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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