Qatar Central Bank Circular No. 12/2020

Guidelines for Financial Institutions on Managing AML/CFT Risks linked to Covid-19 Virus

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

Guidelines for Financial Institutions on Managing the Risks of Covid-19 linked to the Risk Based Approach