signzy

API Marketplace

downArrow

Solutions

downArrow

Resources

downArrow

Our Company

downArrow
Logo
Responsive
Decorative line

AML/CFT Law No. 20 of 2019

Qatar

Qatar

2019

AML/CFT

Overview

Qatar's AML/CFT Law No. 20 of 2019 was enacted in September 2019 to strengthen the country's compliance with the Financial Action Task Force (FATF) Recommendations . It replaced the earlier 2010 framework and establishes a risk-based approach for preventing money laundering and terrorist financing across financial and non-financial sectors.The law applies to banks, insurance providers, money service businesses, real estate agents, law firms, and other regulated financial and professional entities operating in Qatar. It is enforced by the Qatar Financial Information Unit (QFIU), in coordination with the Qatar Central Bank and sectoral regulators.

Key Obligations

  • Apply a risk-based AML/CFT program appropriate to the nature and size of the business
  • Conduct customer due diligence (CDD) and verify beneficial ownership information
  • Perform enhanced due diligence (EDD) for high-risk clients, including politically exposed persons (PEPs)
  • Maintain transaction and client records for at least five years
  • File suspicious transaction reports (STRs) with the QFIU without delay
  • Appoint a compliance officer and provide regular AML/CFT training to staff
  • Undergo independent audits and inspections as required by regulators

FAQ

Related Regulations

Decorative icon
AML/CFT Law No. 20 of 2021

Decorative icon
FATF 40 AML/CFT Recommendations

Decorative icon
DFSA AML Rulebook DIFC

Stay ahead of risk with Signzy

Explore tools that help you onboard, monitor, and verify with confidence

Identity Verification

Identity Verification

Use facial match and liveness checks paired with government ID verification to make sure the person holding the document is the person you're onboarding.

One Touch KYC

One Touch KYC

Simplify the Know Your Customer (KYC) process with AI and sophisticated fraud detection algorithms to provide a seamless, efficient, and highly secure user verification.

MENA API Marketplace

MENA API Marketplace

Comprehensive API marketplace for the Middle East and North Africa region, offering localized verification and compliance solutions.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.