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Posted On: 21 September 2011 08:13 am
Updated On: 12 November 2020 02:11 pm

Charity staff to be trained to curb money laundering

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DOHA: Qatar plans to train the staffs of charitable organisations to combat money laundering and terrorism funding, said Essa Mohammad Al Ebrahim, Executive Secretary of National Anti Money Laundering and Terrorism Financing Committee (NAMLC) on the sideline of a two-day workshop kicked-off yesterday here. The first training workshop entitled “Interdiction and Investigation of Cross Border Bulk Cash Smuggling” is being organised by NAMLC with the coordination of the US Homeland Security Department, the US Immigration and Customs Enforcement and US Customs and Border Protection (CBP). The event is being attended by the representatives of 12 state departments concerned with anti money laundering and financing terrorism and several dignitaries from US embassy in Qatar. Mirembe Nantongo, Deputy Chief of Mission at US Embassy appreciated the efforts of Qatar for anti money laundering and terrorism funding. “Qatar has proved by holding this workshop that how much it is serious to implement the anti money laundering and terrorizing funding law and keen to cooperate with international community to fight against this phenomenon, said Nantongo. She said that cash courier network could not be dismantled without taking a serious action against it. The Deputy Governor of Qatar Central Bank (QCB) H E Sheikh Fahed bin Faisal Al Thani, who is also Chairman of the NAMLC, said in his inaugural speech read out on his behalf by Essa Mohamed Al Ibrahim, Secretary of the NAMLC, that in light of the current international changes and with the advent and use of sophisticated tools and instruments in the various criminal activities, training the human resources to deal with these variables has becomes a necessity for development and growth. The national anti-money laundering agencies could not progress in combating the threats posed in this sector without qualified and trained human cadres. The primary functions of the NAMLC is to make coordination among the concerned authorities, organise national training programs aimed at applying cutting edge international combating tools, in addition to laying down the necessary strategies to protect the national economy from the illicit cash smuggling. Workshop aimed to train experts on the AML/CFT legal framework and regulatory systems, review the application of the declaration system to the cross border currency remittance in Qatar and the techniques of collecting information as well as to conduct investigations and introduce the Qatari law pertaining to the customs violations and smuggling. The Peninsula