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Qatar’s mechanism to combat money laundering one of the best in the world: ICC Qatar

Satyendra Pathak
Doha
Qatar’s mechanism to combat money laundering and terrorism financing is one of the best in the world, a senior official of International Chamber of Commerce Qatar (ICC Qatar) said on Tuesday.
ICC Qatar Secretary-General and Qatar Chamber Board Member Khalid Klefeekh al Hajri said, “Qatar is a leading country in fighting money laundering and terrorism financing. The country has adapted all possible mechanisms and is well prepared to score high in the evaluation by the Financial Action Task force (FATF) this year.”
Hajri said the issuance of the law on combating money laundering and terrorism financing last year reflects Qatar’s continued commitment to combating money laundering and terrorism financing in all its forms in line with the latest international standards followed by international organisations.
“Achievements by Qatar in this regard are the result of collective efforts made by all concerned parties including ministries and government agencies that are members of the National Anti-Money Laundering and Combating the Financing of Terrorism Committee, which is responsible for protecting the financial system in Qatar from the risks of these practices,” he said.