COMPLIANCE UPDATES QATAR

Check out the latest updates on Qatar compliance and regulations, providing your business with essential information to ensure you adhere to current legal standards and practices. This is your go-to central resource for understanding changes in the regulatory landscape that could impact operations within the Qatar.

QATAR CENTRAL BANK GUIDELINES ON AML PROCESS

The “Qatar Central Bank Guidelines on AML Process” outlines various provisions and requirements related to Anti-Money Laundering (AML) and Combating Terrorism Financing (CFT) for financial institutions in Qatar.

Welcome to Idenfo Direct Qatar: Your compliance partner

NEW REGULATIONS

As of recently Qatar is strengthening its efforts to combat financial crime through updated AML laws, resulting in increased Anti-Money Laundering requirements for businesses. Failure to meet these regulations may result in severe sanctions from the QFC Regulatory Authority.

Implications and penalties

In case any of these laws are not followed, it can result in major fines and penalties for a business.The following are the details on said penalties.

Understanding KYC requirements for DNFPBs in Qatar

DNFPBs are regulated by laws issued through the Financial Action Task Force (FATF) as well as the Qatar Central Bank (QCB). These laws exist for the protection of your business and well as the larger financial market, and many are enforced through penalties and fines. and how Eltizam Solutions can help you fulfill the requirements of the law.