QatarQatar’s Financial Information Unit noted the participation of its employees in an online workshop hosted by the Middle East and North Africa Financial Action Task Force and the Egmont Center for FIU Excellence and Leadership.
Qatar’s Financial Information Unit highlighted its participation in an international anti-money laundering workshop on assessing risks nonprofit organizations and charities.
IMF calls for AML regulation of cryptocurrency industry, U.S. cryptocurrency exchanges boost compliance hiring, and more, in the weekly roundup.
Taliban Takeover Raises Financial Crime Risks Across Asia
Banks rushing to assess their exposure to Afghanistan may soon expand their reviews to cover neighboring countries whose vulnerability to terrorist financiers and money launderers is also set to spike following the Taliban’s return to power, sources told ACAMS moneylaundering.com.
The Qatar Financial Centre Regulatory Authority fined the Doha, Qata-based insurance intermediary firm for violations of the Anti-Money Laundering and Combating Terrorist Financing Rules 2010 and the General Rules 2005.
The Qatar Financial Centre Regulatory Authority entered into a settlement with two former directors of the Doha, Qatar-based company requiring them to pay $200,000 each in satisfaction of anti-money laundering and counterterrorist financing deficiencies.
| Technical | Effectiveness |
|---|---|
| Compliant : 2 | High : |
| Largely Compliant : 10 | Substantial : |
| Partially Compliant : 22 | Moderate : |
| Non-Compliant : 15 | Low : |
| Rank : 39/141 |
| Score : 5.87/10 |
| Rank : 30/180 |
| Score : 62/100 |
| Rank : 20/133 |
| Score : 77/100 |