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LoginQatar Participates in FATF Meeting
Paris, June 28 (QNA) - The State of Qatar, represented by the National Anti-Money Laundering and Terrorism Financing Committee (NAMLC) and the Financial Information Unit, participated in the work of the sixth plenary meeting of the 35th session of the Financial Action Task Force (FATF) and the working group meetings, which were held in the French capital, Paris.
The State of Qatar's delegation included HE Head of the Financial Information Unit and NAMLC Member Sheikh Abdullah bin Hamad bin Mubarak Al-Thani and NAMLC Secretary-General Mohammed Saree Rashid Al Kaabi.
The meeting discussed a number of topics related to the development of international policies and standards in the areas of combating money laundering, terrorist financing and the financing of arms proliferation. It also included updates on the new round of mutual assessments, as well as a discussion of emerging risks and trends, most notably virtual assets, decentralized finance, and terrorist financing via social media and messaging applications.
The meeting also saw an update to the list of countries under enhanced monitoring (the grey list), along with the adoption of the priorities of the upcoming FATF presidency, which focus on strengthening fraud prevention, developing a risk-based approach, and supporting partnership and information sharing between the public and private sectors.
During the meeting, the FATF also held a number of working group and specialized technical group meetings to consider future work priorities and ways to enhance the effectiveness of implementing international standards. It also included the exchange of experiences among member states in the areas of combating money laundering, terrorist financing and arms proliferation financing, which contributes to supporting international efforts aimed at addressing evolving financial risks.
The State of Qatar’s participation comes within the framework of its keenness to support the efforts of the FATF, contribute to the development of international standards and enhance international cooperation, raise the efficiency of the national system for combating money laundering, terrorist financing and the financing of arms proliferation, and align it with the international standards issued by the FATF. (QNA)
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