Risk & Compliance Report Date
Qatar RISK & COMPLIANCE REPORT DATE: March 2018 KNOWYOURCOUNTRY.COM Executive Summary Sanctions: None FAFT list of AML No Deficient Countries Compliance with FATF 40 + 9 Recommendations Higher Risk Areas: Not on EU White list equivalent jurisdictions US Dept of State Money Laundering assessment Medium Risk Areas: Corruption Index (Transparency International & W.G.I.) Failed States Index (Political Issues)(Average Score) Major Investment Areas: Agriculture - products: fruits, vegetables; poultry, dairy products, beef; fish Industries: liquefied natural gas, crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, commercial ship repair Exports - commodities: liquefied natural gas (LNG), petroleum products, fertilizers, steel Exports - partners: Japan 26.7%, South Korea 19%, India 12.1%, Singapore 5.7%, China 5.4% (2012) Imports - commodities: machinery and transport equipment, food, chemicals Imports - partners: US 14.2%, UAE 11.4%, Saudi Arabia 8.6%, UK 6.4%, Japan 6%, China 4.8%, Germany 4.7%, Italy 4.4%, France 4.4% (2012) Investment Restrictions: 1 The government is heavily involved in Qatar's economy, although it strongly encourages private investment in many sectors such as energy. Foreign investment is generally limited to 49 percent of the capital for most business activities, with a Qatari partner(s) holding at least 51 percent. However, the law allows, upon special government approval, up to 100 percent ownership by foreign investors in certain sectors, including: agriculture, industry, health, education, tourism, development and exploitation of natural resources, energy, or mining. Qatar amended the law in 2004 to allow foreign investment in the banking and insurance sectors upon approval of the Cabinet of Ministers.
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