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Qatar partners with US firm to combat terror financing

Chip Poncy, Juan Zarate
17th August 2017 - Quoted by The Peninsula

Qatar’s National Anti-Money Laundering and Terrorism Financing Committee (NAMLC) has engaged with the Financial Integrity Network (FIN),  based in Washington DC, as its principal strategic adviser for enhancing Doha’s Anti-Money Laundering and Counter-terrorist Financing System (AML/CFT). The partnership will ensure that the country  meets the heightened and evolving global standards and expectations for financial integrity.

Under this new partnership, FIN will collaborate closely with NAMLC and its member authorities in reviewing the implementation and effectiveness of Qatar’s AML/CFT legal framework and international commitments, and ensuring their alignment with global standards, including those established by the Financial Action Task Force (FATF).

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FIN’s work with NAMLC will also be supported by Juan C Zarate, who served as the Deputy Assistant to the President and Deputy National Security Advisor for Combating Terrorism from 2005 to 2009, and the first ever Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes after 9/11, and Chip Poncy, who served as the inaugural Director of Strategic Policy in the US Department of the Treasury’s Office of Terrorist Financing and Financial Crimes. Poncy also led the US delegation to FATF from 2010 to 2013.

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Tags

csif, gulf-states, qatar-and-terror-finance