Qatar Stock Exchange (QSE) yesterday concluded a three-day workshop on anti-money laundering/combating the financing of terrorism (AML/CFT), which was organised by its surveillance department, in collaboration with the Qatar Finance and Business Academy.
The workshop, attended by all the QSE staff, was aimed at helping its employees understand money laundering, its methods and stages as well as its negative economic impacts in terms of weakening the state’s ability to implement the economic policies efficiently and flagging the foreign exchange market and economic growth as a result of increased inflation and damage to reputation of the state’s financial institutions.
This workshop was given by AML/CFT experts and is part of QSE’s role in serving and protecting the national economy from any attempt to circumvent the adopted financial regulations and laws.
Money laundering activities generate financial flows that involve the diversion of resources away from economically- and socially-productive uses—and these diversions can have negative impacts on the financial sector and external stability of member states. They also have a corrosive, corrupting effect on society and the economic system as a whole, according to the International Monetary Fund.