https://www.gulf-times.com/article/679020/business/qatar-chamber-holds-training-on-anti-money-laundering

Qatar Chamber recently held the sixth edition of a training programme on ‘Anti-Money Laundering & Combating Terrorism Financing’, which gathered 38 representatives from various entities and ministries at the chamber’s headquarters.

The two-day training, held in co-operation with Al Rowad Training Centre, focused on various topics, including money laundering crimes, terrorism finance, and the procedures to combat them.

During the event, the participants were briefed on the latest concepts related to money laundering and combating terrorism financing in the context of Law No (20) of 2019 on the Promulgation of Anti-Money Laundering and Terrorism Financing Law and its implementing regulations.

The programme also covered efforts made by the government to combat these crimes, along with the latest local, regional, and global developments. It discussed combating these crimes under the law and the instructions issued by the Qatar Central Bank. It featured interactive lectures, presentations, individual and group discussions, workshops, case studies, and training videos, along with several illustrative examples.

It also delved into the stages of money laundering and terrorist financing offences, the risk-based approach, the concept, procedures, various levels of due diligence, types, and levels of targeted financial sanctions, client verification on national and international lists, and identification of the ultimate beneficial owner. Additionally, it covered protocols for identifying suspicious transactions and procedures for internal and external reporting.