ECONOMIC DEVELOPMENT

Beyond the support offered to licensed and authorised firms in the QFC, the Regulatory Authority cooperates with those Qatari agencies involved in international compliance.

The QFC Regulatory Authority is committed to creating an environment that is free of all forms of financial crime, which contributes to the welfare of the financial services environment and the people of Qatar.  Along with the National Anti-Money Laundering Committee and the other Qatari agencies, we are committed to implementing measures designed to ensure the ongoing compliance with international rules.

Recent events have demonstrated the increasing importance of effective international co-operation and communication in the regulation of financial services. International regulatory co-operation and an understanding of the regulatory regimes applicable in overseas jurisdictions are particularly important and establishing co-operative relationships with other international and national regulators facilitates the reciprocal sharing of supervisory information of such bodies.

Since 2008, the QFC Regulatory Authority began a series of visiting lectures, targeting both business and College of Law students and faculty, covering a range from International and European law to the structure of the QFC and the Regulatory Authority. The sessions continuously demonstrate the Regulatory Authority’s commitment to sharing its knowledge, but also marked a new and significant way in which the Regulatory Authority could engage with other organisations and broaden the understanding of –and interest in-our work.

The Regulatory Authority also partnered with Injaz in 2011, providing students with the expertise of professionals who can help students understand their career opportunities and teach them skills not always offered at schools. Injaz is part of Junior Achievement Worldwide, the world’s largest educational organization dedicated to Workforce readiness, Entrepreneurship and Financial Literacy, and reaches 8.3 million students a year in 119 countries.