October 24, 2021
Within the framework of training, raising national competencies and enhancing effectiveness between QFIU and its national partners; and in implementation of the QFIU action plan for 2021, which aims at mitigating the risks of money laundering and terrorism financing crimes, and which was set to achieve NAMLC‘s strategic objectives for 2020 -2025. The QFIU held on 24-25 October 2021 a workshop on
“Risks and Threats of Terrorism Financing”, at QFIU headquarters. The workshop was attended by QFIU analysts, and representatives of national authorities, such as the MOI and QCB.
The workshop highlighted the nature of the terrorist crime and terrorism financing according to the national legal framework, and the stages of terrorism financing. It also tackled the methods used to finance terrorism through financial and non-financial sectors, using a risk-based approach as defined by FATF. The workshop also covered the risks and threats of terrorism financing facing the financial sector in terms of banking services, licensed non-financial service providers or online payment systems, as well as the risks and threats related to DNFBPs and relevant case studies.