Regulatory Alerts2020-01-01
Qatar Public Prosecutor Decision No. 59 of 2020 on Targeted Financial Sanctions Guidelines
The Public Prosecutor of Qatar issued Decision No. 59 of 2020 to establish operational guidelines for implementing the Targeted Financial Sanctions regime in compliance with FATF standards and UN Security Council resolutions. The decision mandates the creation of a dedicated Targeted Financial Sanctions Group to coordinate designation, freezing, and delisting procedures while requiring financial institutions, DNFBPs, and NPOs to subscribe to real-time RSS feeds for immediate fund freezes within eight hours of notification. It further standardizes timelines for processing relief requests against false positives, managing petitions from designated parties, and facilitating diplomatic communications with foreign jurisdictions to ensure seamless enforcement of terrorism and weapons proliferation financing sanctions.