Regulatory Alerts2021-01-01
Council of Ministers Decision No. 14 of 2021 Amending Implementing Regulations on Combating Money Laundering and Terrorism Financing
The Qatar Council of Ministers issued Decision No. 14 of 2021 to amend Article 74 of the implementing regulations for the Law on Combating Money Laundering and Terrorism Financing. The amended article mandates that financial supervisory authorities obtain prior authorization from foreign counterparts before disseminating or using exchanged information for any purpose, while requiring prompt notification when a legal disclosure obligation exists. All relevant competent authorities must implement these updated provisions immediately upon the decision's issuance and publication in the Official Gazette.
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