The Qatar Financial Information Unit issued a press release highlighting the “Fifth Forum of the Public-Private Dialogue”, held on Oct. 11-12, 2020 and focused on trends related to reporting suspicious transactions.
The governments of the United States and Qatar issued a joint statement as part of the Third U.S.-Qatar Strategic Dialogue highlighting the need for further cooperation on national security issues, including the fight against terrorism and terrorist financing.
A Plan for Mexico’s central bank to buy excess U.S. dollars draws AML concerns, U.S. travel-rule proposal could trigger demand letters, and more, in the midweek roundup.
U.S. money-mule schemes have spiked during COVID-19, IRS seeks help in tracking Monero transactions, and more, in the midweek roundup.
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.