The Governor of Qatar Central Bank has recently declared that a law to combat money laundering has already been approved by the Cabinet and the Advisory Council. Such law is expected to be issued soon.
He said that the law would curb possible money laundering operations in Qatar. A committee to this effect headed by GCB Deputy Governor has been set up.
It is worth noting that Qatar is taking preventive measures to combat this phenomenon. Furthermore, Qatar is holding conferences and issuing circulars to increase awareness among employees of banks and institutions to deal with money laundering.
More information is available at http://www.thepeninsulaqatar.com/index00.asp