• AML/CFTR Division 2.3.D AML/CFTR Division 2.3.D Additional obligations etc of firm with non-resident MLRO

    • AML/CFTR 2.3.10 Annual reports

      A firm whose MLRO is not ordinarily resident in Qatar must report to the Regulator, in a form approved for this rule under the General Rules 2005, before 1 June in each year.

      Derived by QFCRA RM/2019-8 (as from 1st February 2020)

    • AML/CFTR 2.3.11 Visits by non-resident MLRO

      A firm whose MLRO is not ordinarily resident in Qatar must ensure that the MLRO inspects the firm's operations in Qatar frequently enough to allow him or her to assess the accuracy and reliability of the information supplied to the Regulator in the reports required by rule 2.3.10.

      Derived by QFCRA RM/2019-8 (as from 1st February 2020)

    • AML/CFTR 2.3.12 Regulatory Authority may direct firm to appoint resident MLRO

      (1) This rule applies if, for any reason, the Regulator considers that the MLRO function for a firm is not being adequately exercised by an individual who is not ordinarily resident in Qatar.
      (2) The Regulator may direct the firm:
      (a) to require the individual to be ordinarily resident in Qatar; or
      (b) to appoint another individual who is ordinarily resident in Qatar.
      Derived by QFCRA RM/2019-8 (as from 1st February 2020)