Qatar’s FATF evaluation to be published in Feb – The Peninsula

Qatar’s FATF evaluation to be published in Feb – The Peninsula

The much-awaited mutual evaluation and assessment on Qatar by the global financial watchdog Financial Action Task Force (FATF) has been completed and the report is expected to be published in February 2023, an official has said. The FATF report assessed Qatar’s existing anti-money laundering (AML) and combating the financing of terrorism (CFT) regime and analysed all the country’s current laws and regulations related to AML/CFT. The report will also define Qatar’s efficiency and conformity with global recommendations.

Being well rated by the FATF, which sets the global international standards on AML/CFT is crucial, as this also affects investment prospects for countries being evaluated.

Speaking to The Peninsula on the sidelines of ‘The Effective Financial Crime Compliance Conference’ recently, (pictured)said Qatar’s evaluation with FATF was already being compiled, and once it’s approved by the OECD and the FATF it will be published by February next year.

“There are 40 recommendations by FATF which countries can adopt. And countries including Qatar will have some specifics to their own country,” said Woods.

A financial crime expert with a wealth of experience as a detective who once investigated financial crimes including global frauds and money laundering, Woods has also cautioned firms here to remain alert against financial