Finance Minister Announces Equipping Anti Money Laundering Training Centre

Doha, April 26 (QNA) - HE the Minister of Finance Ali Sharif Al Emadi said that the State of Qatar's efforts in the field of combatting money laundering and terrorist financing resulted in its selection to be the headquarter of the office of the regional expert at the Arab Monetary Funds' special fund for enhancing member states' capacities in combatting money laundering and terrorist financing. HE Al Emadi announced that work currently underway on equipping a specialized training center for combating money laundering and terrorist financing. The center will serve in raising awareness and developing professional and practical levels for all workers in this field, he added. In his opening remarks at the 23rd meeting of Middle East and North Africa Financial Action Task Force (MENAFATF), HE the Finance Minister reiterated Qatar's keenness on hosting and taking part in regional and international events concerned with money laundering and terrorist financing. He explained that the State of Qatar is among the donors to the Arab Monetary Funds' special fund for enhancing member states' capacities in combatting money laundering and terrorist financing, pointing the country's belief in the importance of assisting the countries that suffer a deficiency in their systems. HE the Finance Minister affirmed Qatar's keenness to join the international community in its serious endeavors to combat the crimes of money laundering and terrorism financing, pointing that the State of Qatar has taken several regulatory measures in this area, such as modern and comprehensive regulatory legal framework in line with the international standards of the MENAFATF. HE the Minister of Finance Ali Sharif Al Emadi affirmed that Qatar's commitment to combating money laundry and terrorist financing stems from its vision on achieving global peace and security through dialogue which is based on equality and provisions of international law. He stressed that Qatar's National Committee for Anti-Money Laundering and Anti-Terrorist Financing seeks, through hosting this meeting, to promote cooperation on the latest measures to combat this type of crime, valuing the importance of the topics on the agenda and its contribution to the achievement of coordination between Member States to fight these crimes. "Holding this meeting confirms Qatar's commitment to achieving the objectives of the Financial Action Task Force, particularly the development of cooperation between member states in the region, to promote compliance with international standards to combat money laundry and terrorist financing. He said that today's meeting comes amid major changes and security challenges in the world, facing which requires doubling the international efforts and keeping abreast of all the latest developments. Combating the crimes of money laundering and terrorism financing have become a global priority in recent years, due to their negative effects and gravity on individuals as well as on countries, which requires a great deal of cooperation and coordination, as the fight against these crimes is no longer a local matter confined to the borders of a state, but has become a goal of the international community as a whole. (QNA)