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)