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Qatar: QFCRA fines Guardian Wealth Management Qatar QAR 3,529,000 for AML/CTF violations
The Qatar Financial Centre Regulatory Authority ('QFCRA') announced, on 22 April 2018, that it had fined Guardian Wealth Management Qatar LLC QAR 2,500,000 (approx. €563,860) for systematic failures to comply with the Anti-Money Laundering ('AML') and Combating Terrorist Financing ('CFT') Rules 2010, as well as QAR 1,092,000 (approx. €246,300) in relation to general regulatory contraventions of the Rules of the Regulatory Authority.
You can read the press release here.
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