AML/CFT & ABC Statement

Dukhan Bank maintains comprehensive Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) and Anti-Bribery and Corruption (ABC) Policies and Procedures. These policies are implemented in compliance with the applicable laws and regulations of the State of Qatar, the regulatory requirements and guidance issued by the Qatar Central Bank (QCB), and internationally recognized standards, including the recommendations of the Financial Action Task Force (FATF). 

Dukhan Bank maintains AML/CFT and ABC Programs that include, but are not limited to, the following key components:

• Risk-based AML/CFT and ABC policies and procedures, including Customer Due Diligence (CDD) and, where applicable, Enhanced Due Diligence (EDD);
• Enterprise-Wide Risk Assessment (EWRA) to identify, assess, and mitigate risks related to money laundering, terrorist financing, bribery, and corruption across all business lines and functions;
• Internal controls to ensure appropriate due diligence, including the collection and maintenance of accurate and up-to-date customer documentation at account opening and throughout the customer relationship;
• Designation of a Money Laundering Reporting Officer (MLRO) responsible for overseeing and monitoring day-to-day compliance with AML/CFT requirements and applicable laws and regulations;
• Record-keeping and regulatory reporting practices in accordance with applicable AML/CFT laws, regulations, and internal policies;
• Ongoing monitoring of customer accounts and transactions to identify unusual or suspicious activities;
• Timely reporting and escalation of suspicious activities, including potential bribery or corruption cases, to the relevant competent authorities in accordance with regulatory requirements;
• Regular AML/CFT and ABC training for employees to ensure awareness of compliance obligations and responsibilities;
• Independent testing and periodic reviews to ensure the AML/CFT and ABC Program are effectively implemented and maintained.

Dukhan Bank is committed to conduct its business with the highest standards of integrity, transparency, and ethical conduct, and maintains a robust AML/CFT and ABC Compliance Program designed to prevent, detect, and report money laundering, terrorist financing, bribery, corruption, and other related financial crimes.