The Qatar Financial Markets Authority (QFMA) organized a workshop on the authority's guidelines on money laundering and terrorist financing in Doha last Wednesday. The event is the latest in a series of training programs and workshops adopted by the authority with the aim of increasing awareness among capital markets participants, particularly on matters related to money laundering and terrorist financing. The workshop was attended by officials from the QFMA, Qatar Exchange, as well as representatives from the brokerage firms operating in QE and the Qatar Information Unit, respectively. The training included a presentation to clarify law on money laundering and terrorist financing of 2010 and the related rulebook, which was issued in accordance with directions aimed at unifying the efforts of all regulatory authorities in order to secure a safe and stable market. The QFMA's rulebook stresses the importance of paying attention to the internal entity of the licensed parties by conducting tests, inspections and controls, as well as setting the necessary training programs, in order to achieve the desired results when appointing the employees or officials in charge of applying this rulebook.
