Regulatory Alerts2021-01-01
Cabinet Decision No. (14) of 2021 Amending Some Provisions of the Executive Regulations of the Anti-Money Laundering and Counter-Terrorist Financing Law Issued by Cabinet Decision No. (41) of 2019
The Qatar Cabinet issued Decision No. (14) of 2021 to amend Article (74) of the Executive Regulations governing the Anti-Money Laundering and Counter-Terrorist Financing Law. The amended provision mandates financial regulatory authorities to obtain prior approval from foreign counterparts before sharing requested information for regulatory or non-regulatory purposes, while requiring immediate notification when a legal disclosure obligation exists. All competent Qatari authorities are directed to implement the decision upon its issuance and publication in the Official Gazette.
Share