Page 29 - Annual Report 2022 EN

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Supervisory Colleges Domestic interaction

BIS participated in one supervisory college for an insurer. The QFCRA works with several Regulators
Five supervisory colleges were attended by IMAS team to coordinate supervision across the State

members, 2 for Investment Managers and 3 for Advisors. of Qatar. Activity in 2022 included:

• Participation in the Financial Stability and
The AML/CFT team attended a workshop with GIFCS
Supervision Subcommittees of the Financial
concerning the supervision and oversight of Trust
Stability and Risk Control Committee;
and Company Services Providers to discuss regulatory
• The coordination committee established in
concerns with this sector and enhance the supervisory
2018 by the QCB, the QFMA, and the QFCRA
approach to such firms.
(AML Working Group) continued to ensure

effective supervision and oversight of institutions

NAMLC common to the regulatory population;

• The AML Working Group maintained a list of
Two AML/CFT team members worked part-time with
overlapping FIs and agreed on a common supervisory
the National Anti-Money Laundering and Terrorism
approach for those firms with joint regulatory
Financing Committee (NAMLC) on Qatar’s preparation
responsibility due to overlapping supervision;
for the FATF mutual evaluation. They attended in-person
• The QFCRA continued to contribute to the Qatar
meetings and reviewed the draft mutual evaluation
Financial Information Unit (QFIU) Financial
report and key issues documents of FATF members.
Sector Forum through a joint QFIU/QFCRA
The team also coordinated the NAMLC translation
Memorandum of Understanding, in addition to
team, including 3 permanent staff and one part-time
contributing to the QFIU’s strategic projects; and
translator. Additionally, the AML/CFT team made
• The QFCRA continued working with the National
progress on the NAMLC action plan and completed all
Counter Terrorism Committee (NCTC) for
action items that required specific action by the QFCRA.
disseminating lists of designated persons and entities.