Qatar holds money laundering seminar

DOHA, Qatar, May 22 (UPI) -- Qatar held a special seminar for financial institutions and others on money laundering and terrorism financing methods.

The two-day event was organized by Qatar Commercialbank and conducted under the patronage of the Qatar National Anti-Money Laundering Committee to "assist the banking and financial sector to detect and intercept attempts to launder money and the misuse of draft and money transfer facilities," Gulf Times reported.

The seminar in Doha began Sunday and was ending Monday.

The newspaper said the seminar was the result of successful joint efforts by the bank and the Ministry of Interior against bank card fraud. Last year 17 suspects were arrested and 167 counterfeit cards were recovered.