April 27, 2016
Qatar is working on setting up a specialised centre to combat money laundering and shady funding. The centre will work towards raising awareness among all stakeholders in this field.
“We are in the process of establishing a specialised training centre to combat money laundering and terrorism financing in order to raise awareness and raise the level of operation of different stakeholders locally, regionally and globally in combating these crimes,” said Minister of Finance H E Ali Sherif Al Emadi, speaking at the 23rd meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF) held here yesterday.
He added that Qatar’s efforts in combating money laundering and terrorist financing has resulted in its selection as the headquarters of the office of the regional expert at the Arab Monetary Funds’ special fund for enhancing member states’ capacities in combating money laundering and terrorist financing.
The minister said Qatar’s commitment to combat money laundering and terrorism financing is based on the country’s vision to secure peace around the world. Based on international law and principle of equality, Qatar has shown the world refusal of terrorism in all its aspects.
“We believe that combating and eradicating these cross border and trans-national crimes require coordinated efforts to come up with flexible and unified policy that can be easily implemented regionally and internationally,” said the Minister.