Page 27 - Annual Report 2022 EN

/ 27 T ABLE OF C ONTENT S

FATF acknowledged the QFCRA demonstrated a well-

established capacity to conduct risk-based AML/CFT
supervision and noted QFCRA Financial Institutions

and DNFBPs had a good understanding of the nature

of their obligations regarding Customer Due Diligence,
Beneficial Ownership and record-keeping. In addition, the

QFCRA had a well-defined model for information sharing

and delivery of instruction to FIs and DNFBPs. It was

further noted by FATF, that QFCRA Financial Institutions

and DNFBPs have a good understanding of the ML/
TF risks in the National Risk Assessment and Sectoral

Risk Assessment and their AML/CFT obligations.