Countering Bribery and Corruption, Money Laundering and Terrorist Financing
Al Asmakh Real Estate Transaction Advisory Service is fully committed to fulfilling its obligations under the Decree Law No. 33 of 2006 (Qatar Central Bank), and Law No: 28 of 2002 on Anti-Money Laundering, together with Law No. 21 of 2003 on amendments to some provisions of Law 28 of 2002 (Anti-Money Laundering Law) and Law No. 3 of 2004 (Combating Terrorism), along with regulations are issued under the provisions of Article 65 read with Article 5(12) of Law of 2006, and RICS professional standards and guidance, global for Countering bribery and corruption, money laundering and terrorist financing, 1st edition, February 2019, and other relevant legislation, for the purposes of combatting money laundering and terrorist financing.
Other than those which are mandated by the banks who are regulated and supervised by Qatar Central Bank as the main regulatory authority and where reliance is offered with appropriate level of confidence plus any suspicions are not observed; otherwise, the firm carries out client verification checks at the stage of client take on and on an ongoing basis, as well as seeking to establish, where appropriate, the source of wealth and source of funds used in transactions in which we are involved. Procedures and policies are in place to ensure compliance with the relevant legislation. Al Asmakh Real Estate’s staff and directors are trained in how to comply with the legislation and we may refuse to act if we have concerns.
If you are our established or potential client, please contact us for obtaining a copy of our AML policy.
You may download QCB and RICS policies from following links: