Firms that carry out any of the activities specified in the Anti-Money Laundering and Combating the Financing of Terrorism Rules 2019 (AML/CFTR) and the Anti-Money Laundering and Combating the Financing of Terrorism (General Insurance) Rules 2019 (AMLG) issued by the Qatar Financial Centre (QFC) must appoint a money laundering reporting officer (MLRO) and a deputy MLRO to ensure compliance with Qatar Law No. 20/2019 On the Issuing of the Anti-money Laundering law and Qatar Cabinet Decision No. 41/2019 On the Issuance of Implementing Regulation of the Law on Combating Money Laundering and Terrorist Financing Issued by Qatar Law No. 20/2019.

• AML: Anti-money laundering.

• CFT: Countering the financing of terrorism.

• Business relationship: A regular relationship between a customer and a firm in connection with a service that the customer receives from the firm. A relationship that, when contact is established, is reasonably expected by a firm to be merely transitory and does not constitute a business relationship.

• Customer: Any person who engages in, or who has contact with the firm with a view to engaging in, any transaction with the firm or a member of the firm’s group:

  • On the person’s own behalf.