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UNSC Resolutions, Sanctions and other Notices
In order to be pro-active and upon request of the Qatar Anti Terrorism Committee and the Qatar Financial Information Unit , the QFC Regulatory Authority will attempt to notify the MLROs of Relevant Firms of updates or relevant notices issued by these bodies or other international associations. This does not alleviate a Firm from the requirement to have arrangements for obtaining findings issued by the bodies listed under Article 14 of the QFC AML Regulations.
Firms are also obligated to ensure that they have appropriate arrangements in place to screen clients against the notices or lists and that they have corresponding procedures in place to immediately contact the Qatar Financial Information Unit should they identify an individual or entity on the list.
Firms are also obligated to regularly review the lists to ensure that no current clients appear on the lists. Fims are also required to pay special attention to any transactions or business relations with persons (including Beneficial Owners) located in a country or jurisdiction identified as deficient.
United Nations Security Council Resolutions
United Nations Security Council (UNSC) Resolutions which have been issued under Chapter VII of the United Nations Charter are immediately binding on all United Nations member states. The UNSC administers a list pursuant to UNSC Resolution 1267 (and 1333, 1390, 1455, 1526, 1617 and 1735) which identifies known individuals and entities associated with Al Qaida, Usama Bin Laden and/or the Taliban. This list is updated continuously and amendments are incorporated into the consolidated list which can be found on their website. http://www.un.org/sc/committees/1267/consolist.shtml
Other Notices
The Regulatory Authority will also distribute notices issued directly from the Qatar National Anti Terrorism Committee, relevant statements issued by the Financial Action Task Force and other agencies such as INTERPOL.
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