Qatar Central Bank Circular No. 12/2020
Guidelines for Financial Institutions on Managing AML/CFT Risks linked to Covid-19 Virus
Type
Regulatory
Agency
Qatar Central Bank
Issued on
31 May 2020 (corresponding to 12 Shawwal 1441 H)
Jurisdiction
Qatar
Taxonomy
Financial & Business Offences, General Insurance Law, Public Health
To: All Insurance Companies operating in Qatar
Subject: Guidelines for Financial Institutions on Managing AML/CFT Risks linked to Covid-19 Virus
As per Article no. (60) of Qatar Executive Regulations No. 41/2019 under AML/CFT Qatar Law No. 20/2019, attached hereto guidelines issued by AML/CFT Department relating to managing the AML/CFT risks linked to spread of Covid-19 virus as per guidelines issued by FATAF in May 2020.
All principles in the enclosed document that ensure the safety and stability of the AML/CFT systems and mitigate risks linked to the impact of Covid-19 on financial institutions, should be complied with.
Abdullah Bin Saud Al-Thani
The Governor