1st AML/CFT TYPOLOGY EXERCISE

Doha, QATAR – The 1st AML/CFT Typology Exercise took place from 11 – 14 November 2019 at the Sheraton Grand Doha Resort & Convention.

Over 100 participants, from both the public (Law Enforcement Agencies and Supervisory Authorities) and private (Financial Institutions and Designated Non-Financial Businesses and Professions) sectors gathered for this event hosted by the Qatar Financial Information Unit (QFIU). Mrs. Noora Bahar, Director of the QFIU’s Operational Support Department, on behalf of Sh. Ahmed Al-Thani, the Head of QFIU, opened the event.

The typology exercise is a very significant initiative undertaken by the QFIU in order to gain an informed understanding of the prevailing typologies, patterns and trends in the laundering of illicit financial flows, criminal proceeds and the financing of terrorism in the State of Qatar.

The workshop also provided a forum for representatives from the QFIU, law enforcement authorities, supervisory authorities, and selected representatives from the private sector to discuss and share operational experience on matters of common concern involving money laundering and terrorist financing.

At the conclusion of the four-day workshop, a report by the QFIU on the prevailing typologies, patterns and trends in the laundering of criminal proceeds and financing of terrorism in the State of Qatar, will be identified and shared with the relevant competent authorities and stakeholders that participated in the typologies exercise.

The identified and validated typologies will be utilized by the QFIU for strategic analysis, best-case studies and guidance purposes in order to enhance prevention and detection of suspicious transactions related to money laundering and terrorist financing.

The QFIU is grateful to all the stakeholders that participated in this workshop without whose participation the typologies exercise would not have been a success.