Qatar Ministry of Commerce and Industry Circular No. 5/2022
Defining Transactions in Which the Use Of Cash Is Prohibited
Type
Regulatory
Agency
Qatar Ministry of Commerce and Industry
Issued on
1 Sept 2022 (corresponding to 5 Safar 1444 H)
Jurisdiction
Qatar
Taxonomy
Financial Institutions, Financial Services & Activities, Money Laundering, Payment & Payment Systems, Mines, Minerals & Quarries, General Commercial Law
Dear traders of precious metals and gemstones,
Pursuant to Qatar Law No. 20/2019 on Combating Money Laundering and Terrorism Financing;
Qatar Law No. 4/2022 Regulating the Use of Cash in Transactions;
Qatar Cabinet Decision No. 41/2019 Promulgating the Implementing Regulations of Qatar Law No. 20/2019 on Combatting Money Laundering and Terrorism Financing;
Qatar Cabinet Decision No. 10/2022 on ‘Defining Transactions in which the Use of Cash is Prohibited’; and
Resolution of the Minister of Commerce and Industry, Qatar Ministerial Decision No. 48/2020 Promulgating the AML/CFT Compliance Rules for Auditors, Dealers in Precious Metals or Precious Stones, Trust, and Company Service Providers.