Latest news with #QFIU
Qatar Tribune
27-05-2025
- Business
- Qatar Tribune
QFIU launches 5-year strategy to safeguard financial system
Tribune News Network Doha Under the patronage of Governor of the Qatar Central BankHE Sheikh Bandar bin Mohammed bin Saoud Al Thani, the Qatar Financial Information Unit (QFIU) officially launched its five-year strategic plan for 2025–2030: 'Towards Safeguarding the Financial System and Promoting Global Integrity.' The event took place on Tuesday, in the presence of several esteemed ministers, senior officials, representatives from government entities and national institutions, as well as a distinguished group of experts and specialists. This strategy reflects the State of Qatar's steadfast commitment to combating financial crimes and promoting transparency, in line with Qatar National Vision 2030 and international compliance standards, particularly in the areas of anti-money laundering, counter-terrorism financing, and countering the proliferation of weapons. QFIU has adopted a strategic vision aimed at achieving leadership in the field of financial intelligence both nationally and internationally, and at strengthening partnerships with key stakeholders. This vision aligns with global best practices and reaffirms Qatar's role as an active partner in safeguarding the global financial system through ongoing adherence to Financial Action Task Force (FATF) standards and enhanced cooperation with international bodies such as the Egmont Group. The strategy is built on five key pillars: enhancing intelligence capabilities to address evolving threats; ensuring compliance with legal mandates and global best practices; adopting advanced technology and data-driven solutions to drive efficiency and innovation; strengthening governance, human resources, and organizational capabilities; and enhancing knowledge and awareness to detect emerging trends in financial crime. The launch event included a presentation of the QFIU's key professional milestones, along with a review of the national and international references that informed the development of the strategy. It also highlighted the Unit's contributions over the past two decades in advancing anti-financial crime efforts both locally and globally. This strategy reaffirms QFIU's commitment to strengthening the stability of Qatar's financial system and enhancing its readiness to address future challenges through a flexible operational framework and an integrated strategic vision that reflects Qatar's aspirations in promoting financial integrity and protecting economy.
Zawya
20-05-2025
- Business
- Zawya
Qatar Financial Information Unit and Libyan counterpart sign deal to boost cooperation
Doha: In a step towards strengthening bilateral relations and expanding the international cooperation framework in the fight against financial crimes, the Qatar Financial Information Unit (QFIU) and the Libyan Financial Information Unit signed a Memorandum of Understanding (MoU) to enhance collaboration and facilitate the exchange of financial information. The MoU underscores both parties' shared commitment to international standards, particularly the recommendations of the Financial Action Task Force (FATF), in combating money laundering and terrorist financing. This MoU further reinforces the State of Qatar's role in supporting regional cooperation, in line with international efforts to combat organized crime and promote transparency within the financial system across the Middle East and North Africa region. The MoU was signed on the sidelines of the Middle East and North Africa Financial Action Task Force (MENAFATF) plenary meetings held in Amman, Jordan, by Head of Qatar Financial Information Unit H E Sheikh Ahmed bin Eid Al-Thani, and Director of the Libyan Financial Information Unit Ahmed Bougaighis. During the signing, both parties stressed the importance of building effective strategic partnerships to enhance bilateral coordination. They also emphasized the importance of exchanging expertise and best practices, implementing capacity-building programs, and developing operational mechanisms to ensure sustainable mutual cooperation and reinforce their commitment in this vital field. This MoU marks a significant milestone in advancing international coordination, reflecting the State of Qatar's ongoing efforts to promote transparency and compliance with the global AML/CFT standards. This step also aligns with the relevant pillars of the national strategy, particularly in strengthening bilateral cooperation and information exchange. Under this MoU, both parties intend to explore the development of a shared database and activate technical working groups to support cross-border financial analysis efforts. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
