Law No. (20) of 2019, issued by the QFCRA in Qatar, focuses on combating money laundering and terrorism financing. It repeals Law No. (4) of 2010 on the same subject and mandates concerned parties to comply with its provisions within six months of its effective date, with potential extensions granted by the Council of Ministers.
Key requirements
- All concerned parties must make necessary arrangements to comply with the provisions of the law within six months of its effective date.
- The Council of Ministers shall issue implementing regulations for the law.
- Current applicable decisions remain in force until the new regulations are issued, provided they do not contravene the new law.
Applies to: All concerned parties subject to the provisions of the Law on Combating Money Laundering and Terrorism Financing in Qatar