QFC QFCRT Case No. 001/2011
Chaudhry v QFC Regulatory Authority
Type
Case
Court
Qatar Financial Centre - QFC Regulatory Tribunal
Jurisdiction
Qatar Financial Centre
Taxonomy
Financial Institutions, Financial Services & Activities, Regulation & Offences, Companies & Corporate Bodies, General Criminal Law & Disposition of Offenders, General Criminal Procedure, Civil Courts, Civil Evidence
Copyright
LexisNexis
Decision date
7 May 2012
Hearing/Judgment date
7 May 2012
Panel
Michael Thomas QC, Francois Gianviti and Laurance Li
Catchwords
Financial Services - Regulation - Duties of financial officers - Appellant appointed as Head of Compliance of bank authorised by respondent QFC authority - Bank's capital position inaccurately stated to respondent – Respondent finding appellant knowingly in breach of requirements of skill, care, diligence and compliance – Respondent imposing penalty and prohibition order on appellant - Appellant appealing - Appropriate standards required by relevant regulations - Whether appellant in breach of standards - Whether penalty excessive