Being a responsible member of the world community, Qatar has taken a number of crucial steps to fight against the scourge of terrorism and combat money laundering and terrorism financing.
Qatar has so far taken a number of strict measures to defeat terrorism and has adopted national legislation reflecting country’s sincere compliance to the international instruments to which it has acceded.
Qatar is also working in close coordination with countries in the region and world to confront terrorism and achieve common goals towards peace and global stability. Along legislations and active role played by the country in coordination with its allies to defeat terrorism globally, Qatar through Education Above All, Silatech and a number of other charity works is working to defeat the reasons behind terrorism like poverty, illiteracy, unemployment among others hence Qatar’s contribution to global fight against terrorism stands pivotal. Qatar established the National Counter-Terrorism Committee at Ministry of Interior on March 26, 2007.
The Committee assumes its responsibilities in one of the most important security areas in order to ensure the achievement of the strategy of countries in the fight against terrorism through the security-related efforts and cooperation with the relevant bodies as well as the implementation of the articles of conventions and laws to combat terrorism. Amir H H Sheikh Tamim bin Hamad Al Thani issued on Thursday Amiri Law No. 27 of 2019 on counter-terrorism. H H the Amir also ratified a Cabinet decision No. 41 of 2019 issuing the executive regulations for law No. 20 of 2019 on combating money laundering and terrorism financing.
Meanwhile, Qatar Central Bank (QCB) has announced the adoption of the new executive regulations for Law No. (20) of 2019 issuing the Anti-Money Laundering and Combating the Financing of Terrorism Law, which is based on the innovative and strict regulatory and legislative initiatives stipulated by this law regarding combating money laundering and terrorist financing issued on September 11, 2019.
The new executive regulations reflect the State of Qatar’s firm and continuous commitment to combating money laundering and terrorist financing as well as fighting illicit financing in all its forms.
QCB Governor H E Sheikh Abdullah bin Saoud Al Thani said: “The new executive regulations come within the framework of upholding the provisions of Law No. 20 of 2019 issuing the Anti-Money Laundering and Combating the Financing of Terrorism Law, and the State of Qatar, thus stresses that combating money laundering and terrorist financing requires a strict and effective regulatory and legislative framework, whereby it determines the powers and responsibilities of each of the government agencies and relevant ministries, in relation to combating money laundering and terrorist financing.”
