Fahad bin Faisal al-Thani, deputy governor of Qatar Central Bank (QCB) and
chairman of the National Anti Money Laundering and Terrorism Financing
Committee, launched yesterday the website of the committee (www.namlc.gov.qa).
Commenting on the launch, HE Sheikh Fahad said the world is facing many
challenges in the field of anti-money laundering and terrorism financing, hence
an efficient way to combat it helps to stop operations that jeopardise economic
stability of countries.
Qatar, represented by the committee, has given priority to combating such
crimes by strengthening the national law and regulations, he added.
Qatar has also eagerly worked on strengthening co-operation and co-ordination
with regional and international organisations and institutions, since
exchanging information from different entities is vital.
The QCB deputy governor added that due to its wise leadership, Qatar has been
able to set efficient regulatory systems to combat money laundering and
terrorism financing as per international standards supported by Law No. 4 of
2010 on Combating Money Laundering and Terrorism Financing.
The committee set a national programme in place on assessing national risks in
addition to giving priority to build certified national expertise in Qatar.
Since the issuance of the law, the committee has set a national strategy and
work plan to fight money laundering and terrorism financing.
HE Sheikh Fahad said the committee liaised recently with national and
international institutions to set a clear vision of the risks, treat them and
prevent them. It was effectively able to monitor the useful advances in the
work plan and the resources required to achieve the goals under the law. In
addition the committee focused on the required expertise and training as well
as raising awareness of the risks nationally, and co-operating and
co-ordinating regionally and internationally.