Page 28 - Annual Report 2022 EN

/ 28 T ABLE OF C ONTENT S

National Risk Assessment (NRA) and 2023 highlights

Sectoral Risk Assessment (SRA)
The AML/CFT team issued revised guidance for the
The National Anti-Money Laundering and Terrorism Independent Review Report and provided outreach

Financing Committee (NAMLC) formed a working sessions for Independent Reviewers. Additionally,

group during 2023 to review and update Qatar’s the team commenced a project to harmonise the

NRA. The QFCRA participates in this working group AML/CFT reporting obligation. In this connection
and continues to monitor any outputs from the NRA the Q25 Annual AML/CFT Return and Q26 NAMLC

in line with our Sectoral Risk Assessment (SRA). Data Collection Form were merged into a single

Q27 AML/CFT Return. Guidance and outreach

sessions were conducted with all firms to explain
the revised procedures for the 2023 return.
Thematic reviews

The AML/CFT team carried out 3

thematic reviews in 2023:

1. Q25 Annual AML/CFT Return and
Q26 NAMLC Data Collection Form project;

2. Annual MLRO Report project; and

3. Independent Review Report (IRR) project.

These reviews assessed the quality of

returns, updated the AML/CFT risk ratings,

identified compliance reporting issues by

the Money Laundering Reporting Officer
(MLRO) and Independent Reviewers, and

assisted in the formulation of action plans

to address the aforementioned.