Qatar will issue an anti-money laundering law during the second half of the current year, governor of Qatar's central bank, Abdullah bin al-Atiya, was quoted as saying by Kuwait's News Agency (KUNA).
Atiyah said a formula has to be reached to decide this important law, adding that all international factors related to money laundering should be put into consideration.
He pointed out that an international team in charge of combating money laundering will visit Qatar next month within the framework of their periodical visits worldwide, said KUNA.
Qatar has carried out discussions with gulf countries over preparing a law on money laundering in an attempt benefit from other countries' experiences in this regard.
Meanwhile, KUNA said that a Gulf Cooperation Council (GCC) meeting is expected to be held within two days in Riyadh to discuss coordinating efforts in the field of money laundering.
Last week, Bahrain issued an anti-money laundering law, with tough jail sentences and fines of up to BD1 million (BD1=$3.4).
The UAE also said last October that it was preparing to issue a money laundering law within three months -- Albawaba.com
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