Qatar is drafting a new Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Law to extend the scope of the two offences and to ensure full compliance with Financial Action Task Force (FATF) 40 + 9 recommendations, the relevant international conventions and UN Security Council resolutions. The drafting of a law aspect was mentioned as part of Qatari authorities' response to the International Monetary Fund (IMF) assessment of Qatar laid out in the 'Observance of Standards and Codes -- FATF Recommendations for Money Laundering and Combating the Financing of Terrorism' report issued last week. The FATF 40 + 9 recommendations provide a complete set of counter-measures against money laundering covering the criminal justice system and law enforcement, the financial system and its regulation and international...
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