Regulatory Alerts2020-01-01
Implementing Regulations of 2020 on Targeted Financial Sanctions
Issued by the Public Prosecutor of Qatar, this decision establishes the implementation mechanisms for targeted financial sanctions against terrorism and weapons proliferation financing under UN Security Council resolutions. It mandates the National Counter-Terrorism Committee to maintain a centralized Sanctions List and defines clear criteria, procedures, and timelines for designating natural persons and entities based on UN listings or domestic proposals. Financial institutions, designated non-financial businesses and professions, and non-profit organizations must immediately freeze funds and economic resources of listed parties while facilitating basic and extraordinary expenses through Public Prosecutor-approved exemptions.
Share