H E Ahmed bin Abdullah bin Zaid Al Mahmoud (third from left), Deputy Prime Minister and Minister of State for Cabinet Affairs; H E Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank, and other officials during the Global Conference on Money
With the technological advancement and the growing use of digital currencies in money laundering and transnational crimes, all the relevant competent authorities need to cooperate to combat any crimes related to virtual currencies, said the Deputy Governor of Qatar Central Bank (QCB), in his address at the opening of ‘Global Conference on Money Laundering and Digital Currencies’.
Sheikh Fahad bin Faisal Al Thani, who is also chairing the National Anti- Money Laundering and Terrorism Financing Committee (NAMLC), called on the on authorities concerned to enhance capacities in conducting investigations in fight crimes using digital currencies.
“We expect from this conference to contribute in enhancing the capacity of the relevant competent authorities in conducting investigations in any crimes related to virtual currencies; and in establishing a network of practitioners and experts of this field,” Sheikh Fahad told the audience of the conference, which is jointly organised by Interpol, Europol, and Basel Institute on Governance (BIG), in collaboration with the National Anti-Money Laundering and Terrorism financing Committee.
The conference was attended by Deputy Prime Minister and Minister of State for Cabinet Affairs, H E Ahmed bin Abdullah bin Zaid Al Mahmoud and H E Sheikh Abdullah bin Saud Al Thani, Governor of QCB.
Tim Morris, Executive Director of Police Services, Interpol said: “It’s been our shared mission to assist police worldwide, as well as the private sector, to better understand the emerging forms of crimes associated with virtual currencies, and develop skills necessary to identify, prevent, and investigate them. Because money laundering involving virtual currencies have been identified as one of the most pressing concerns of law enforcement."
