Anti-Money Laundering and Counter-Terrorism Financing Policy

At Alfardan Exchange, we fully recognize the risks and negative implications of money laundering and terrorism financing on the financial system and the global economy. In line with our full commitment to national and international laws and regulations, we continuously cooperate with the Qatar Central Bank, the Financial Information Unit, and all relevant government authorities in the State of Qatar to combat these financial crimes.

We have developed and implemented comprehensive policies and procedures to combat money laundering and terrorism financing, in accordance with the laws, regulations, and circulars issued by the Qatar Central Bank, in order to ensure full compliance with the relevant local and international standards.

Our Anti-Money Laundering and Counter-Terrorism Financing Policy serves as a main reference guiding our operations in the following areas:

• Full adherence to and effective implementation of “Know Your Customer (KYC)” standards and policies, in accordance with the applicable regulations and procedures.
• Periodic review and updating of policies and procedures to reflect any new regulatory or legislative changes.
• Implementation of risk-based due diligence procedures (Risk-Based Approach) for our customers and financial transactions.
• Provision of advanced automated monitoring systems to identify high-risk transactions and detect and report suspicious activities in a timely manner.
• Promoting a culture of compliance and awareness among all employees through continuous training and awareness programs.

We believe in our responsibility as a leading financial institution to protect the financial system from any misuse for illicit purposes, and we are committed to preventing any terrorist or criminal entities from accessing our services or financial systems, thereby ensuring transparency and integrity in all our dealings.