Qatar Financial Information Unit (QFIU)
Qatar Financial Information Unit (QFIU) serves as the national center responsible for receiving and analyzing Suspicious Transaction Reports received from financial institutions and Designated Non-Financial Business and Professions (DNFBPs), as well as any other information related to money laundering, associated predicate offences, and terrorism financing, and for disseminating, spontaneously or upon request, the results of that analysis to competent authorities.
QFIU conducts tactical and operational analysis using the available information it may receive related to money laundering, terrorism financing and predicate offences. It also conducts strategic analysis to identify ML and TF related trends and patterns in the State of Qatar.
QFIU closely cooperates with AML/CFT national authorities to exchange financial information related to suspicious ML/FT transactions, and is keen to establish a trusted relationship with the DNFBPs and Non-Profit Organizations (NPOs) supervisory authorities and coordinate with them in relation to Suspicious Transactions Reports (STRs) and information related to money laundering, associated predicate offences, and terrorism financing.
Roles and Functions of QFIU:
The QFIU derived its mission from the key roles and functions set out in Law No. (20) of 2019 on Combating Money Laundering and the Terrorism, Financing as follows:
Receive: Receiving suspicious transaction reports (STRs) related to money laundering and terrorism financing from any entity or person subject to the reporting obligation in the said Law.
Analyze: Analyzing the reports to take proper decision thereon, in close cooperation with the reporting entities, the concerned national authorities and foreign counterpart Financial Intelligence Units.
Disseminate: Disseminating the analysis results of the reports to the national competent authorities, such as Public Prosecution, Ministry of Interior, State Security Bureau, Supervisory Authorities and Decision Makers.