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.
White House pledges to protect humanitarian aid, Wells Fargo processes first U.S.-bound wire from Sudan since country’s removal from terrorism list, and more, in the midweek roundup.
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.
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.