Page 28 - Annual Report 2022 EN
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                   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.
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