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.
IMF calls for AML regulation of cryptocurrency industry, U.S. cryptocurrency exchanges boost compliance hiring, and more, in the weekly roundup.
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.