State of Qatar AML Material

The Financial Services Regulations confer upon the Regulatory Authority responsibility in relation to the prevention and detection of money laundering in the QFC.

The QFC Anti Money Laundering Regulations and the Anti-Money Laundering Rulebook provide the QFC compliance framework and detailed requirements in relation to anti-money laundering. However, relevant Qatari criminal laws in relation to this subject continue to apply in the QFC. The principal Qatari Laws are provided below:

Anti-Money Laundering Law. Law No. (28) of 2002

Decree Law No (21) 2003 amending some Provisions of Law No. (28) of 2002 on Anti-Money Laundering

Law No (3) of 2004 on Combating Terrorism

In accordance with these Laws and the QFC Anti Money Laundering Regulations, firms may be required, amongst other things, to make suspicious transaction reports to the Qatar Financial Information Unit. When doing so, firms should use the relevant template report form provided below.

Suspicious Transation Report Form