Qatar affirms commitment to combating terrorism financing

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Qatar affirms commitment to combating terrorism financing

The State of Qatar has affirmed its commitment to complying with the international obligations to combat financing of terrorism. Qatar also stressed its active participation in international and regional arrangements to combat financing of terrorism, as well as its effective role on the ground in the framework of the joint efforts of the international coalition to combat ISIS, which resulted in the expulsion of the terrorist organisation from its last strongholds in Syria.

This came in a statement delivered by the Permanent Representative of Qatar to the United Nations HE Sheikha Alia Ahmed bin Saif al Thani at the Security Council meeting on the threats posed to international peace and security by terrorist acts and combating financing of terrorism.

Sheikha Alia pointed out that this participation comes within the framework of Qatar’s firm stance against terrorism in all its forms, and in support of the Syrian people in the face of terrorism either by ISIS or the Syrian regime.

The ambassador referred to Qatar’s accession to the 1999 International Convention for the Suppression of the Financing of Terrorism and other international conventions relating to the fight against terrorism. She mentioned a memorandum of understanding signed between Qatar and the United States in 2017 to combat financing of terrorism, which is the first of its kind in the region. The memorandum is already being implemented, which reflects Qatar’s commitment to joint work, exchange of expertise and information.

 

Sheikha Alia also referred to Qatar’s participation in the international conference on the fight against the financing of ISIS and Al Qaeda, which was held under the title ‘No Money for Terror’ in 2018 in Paris, which came out with important decisions and measures to identify sources of finance, exchange of information, combating suspicious transactions and misuse of new financial instruments.

The permanent envoy noted that Qatar was actively participating in the international and regional arrangements to combat the financing of terrorism, such as the Financial Action Task Force (FATF), which the country is working on implementing its resolutions. She added that Qatar was one of the founding members of the FATF in the Middle-East and North Africa (FATFMENA), and is also a member of the Terrorist Financing Targeting Centre (TFTC). The country cooperates with the International Monetary Fund (IMF) and the designated bodies in the United Nations.

In the context of strengthening Qatar’s partnership with the United Nations in combating terrorism, the ambassador noted that Qatar has signed an agreement with the Bureau of Counterterrorism and Countering Violent Extremism to support strategic initiatives to deal with the scourge of terrorism. Under the agreement, Qatar will provide support to the bureau’s core budget of $75 million over five years, or over 70 percent of the total extra-budgetary resources.

At the national level, she stressed that Qatar has worked to strengthen the legislative framework to combat terrorism and its financing, and to update laws and regulations, noting the issuance of the 2010 Anti-Money Laundering and Financing of Terrorism Law, which was the first of its kind in the region.

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