Qatar takes economic crimes seriously: Sheikh Dr Khalid

Sheikh Dr Khalid with ProfBarry Rider, Dr Lu’ayy al-Rimawi and Sir Kenneth Warner among others at the Cambridge University in the UK.

Qatar has taken economic crimes, particularly money laundering, seriously and put in place adequate safeguards to combat these by adhering to many international rules and agreements, said Ezdan Holding chairman Sheikh Dr Khalid bin Thani al-Thani.

The country has many training programmes in place for employees in banks and the financial sector among other vital sectors.

Addressing the 32nd International Symposium on Economic Crimes organised by the James Faculty of Cambridge University in the UK recently he said Qatar has rules and regulations in place to organise the activities of associations and charities and combat money laundering and terrorism financing.

Local banks have effective monitoring mechanism to combat money laundering and terrorism financing, Sheikh Dr Khalid pointed out. Qatar cooperates with the international community in effectively dealing with economic crimes. The Ezdan chairman said economic crimes including money laundering were a matter of concern for the international community. Attempts were being made to hack banking systems in many countries and economic offenses cost the international community billions of dollars.

The symposium was attended by more than 1,500 experts from all over the world.

Sheikh Dr Khalid was the guest of honour at the event where he met Professor Barry Rider, Founder of Cambridge International Symposium, Dr Lu’ayy al-Rimawi, international director of the Symposium in the Middle East; and Sir Kenneth Warner, former president of the Committee of Trade and Industry in the British Parliament.

Besides Arab diplomats the event was also attended by editors-in-chief of prominent newspapers including Financial Times, Daily Telegraph, The Times and The Guardian.