DOHA: Qatar Financial Markets Authority QFMA organised a workshop on “The Latest Developments in Anti-Money Laundering & Combating Terrorist Financing and Ways to Improve the Licensed Parties’ Compliance of their Requirements.
The workshop targeted Qatar Exchange, Qatar Central Securities Depository and financial services companies and their agents.
The workshop began in defining Law No (4) Of Year 2010 on Combating Money Laundering and Terrorism Financing and the QFMA’s legislations: Law No (8) Of 2012 Of Qatar Financial Markets Authority and Anti-Money Laundering and Combating Terrorist Financing Rules (AML/CFT), then in emphasising on the importance of compliance to their requirements to protect the market from the negative impact of money laundering and terrorist financing and to develop the appropriate mechanisms to avoid risks.
The workshop also placed emphasis on the need to use the available tools approved by the QFMA, which allow the QFMA to carry out its functions and strengthen its supervisory role.The Peninsula
DOHA: Qatar Financial Markets Authority QFMA organised a workshop on “The Latest Developments in Anti-Money Laundering & Combating Terrorist Financing and Ways to Improve the Licensed Parties’ Compliance of their Requirements.
The workshop targeted Qatar Exchange, Qatar Central Securities Depository and financial services companies and their agents.
The workshop began in defining Law No (4) Of Year 2010 on Combating Money Laundering and Terrorism Financing and the QFMA’s legislations: Law No (8) Of 2012 Of Qatar Financial Markets Authority and Anti-Money Laundering and Combating Terrorist Financing Rules (AML/CFT), then in emphasising on the importance of compliance to their requirements to protect the market from the negative impact of money laundering and terrorist financing and to develop the appropriate mechanisms to avoid risks.
The workshop also placed emphasis on the need to use the available tools approved by the QFMA, which allow the QFMA to carry out its functions and strengthen its supervisory role.The Peninsula
