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Risk Rating of Firms
To assist the AML/CFT team
in achieving its supervisory objectives, all firms are placed on an AML/CFT heat map which risk- rates firms on a scale of very high, high, medium, low and very low. Firms on a higher risk gradient
are supervised and monitored proportionately closer than lower risk-rated firms.
The supervisory objective is designed to ensure coverage of the regulated population over a broad spectrum of compliance obligations. The goal is to identify systemic non-compliance across cohorts and identify triggers for supervisory attention.
AML/CFT reviews of Qatar Financial Centre firms - 1 January to 31 December 2015
AML/CFT Supervisory Statistics for 2015
With the implementation of the 2015 AML/CFT Strategic Plan and Supervisory Strategy, the following outcomes were achieved:
In addition, the Regulatory Authority conducts desk-based assessments and on-site Risk Assessment Visits of selected firms to determine whether they are meeting their AML/CFT compliance responsibilities.
Type of Examination
On-site Reviews
Desk-based Reviews
Total
Banks
3
59
62
Insurance companies
8
34
42
Asset management companies
2
11
13
DNFBPs
6
73
79
Total
19
177
196
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