Yesterday, QIIB organized the sixth edition of the Qatar Banking Forum for Fraud Risk Management. The forum witnessed the presence and wide participation of officials and representatives from the Qatar Central Bank, the Financial Information Unit, and the Ministry of Interior, in addition to an elite group of leaders from banks, financial institutions, and telecommunications companies in the State of Qatar.
In its sixth edition, the Forum has established itself as a leading national platform to unify visions and joint efforts between the banking sector and regulatory and security authorities, with the aim of reviewing the latest emerging trends and patterns of financial fraud.
Mr. Mohammed Al-Rifai, Head of the Compliance Sector at QIIB, said: “We at QIIB are pleased and honored to organize and host the sixth edition of the Qatar Banking Forum for Fraud Risk Management, which represents a very important strategic milestone to enhance joint coordination between various financial institutions and regulatory and security authorities in the country to stand firmly in the face of emerging financial threats.”
He added: “Protecting customer funds and information is always at the top of our list of strategic priorities, and we do not view fraud risk management as just a passing technical measure. Rather, we consider it an essential and indispensable pillar for establishing trust, enhancing transparency, and maintaining the sustainability and integrity of our banking and digital environment.”
He pointed out: “The world has recently witnessed a remarkable development in the methods and techniques of financial crimes and electronic fraud, which requires all of us in the banking sector to continue investing seriously in developing advanced technical infrastructure, and modernizing smart monitoring and surveillance systems in a proactive manner that ensures that any suspicious attempts are detected and thwarted in the bud.”
He concluded, “We cannot help but highly value the pioneering leadership role and continuous directives of the Qatar Central Bank, the Ministry of Interior, and the Financial Information Unit, as the approach of close cooperation and effective partnership between the public and private sectors has contributed to raising the level of flexibility and financial security in the State of Qatar and placing it among the most pioneering countries in the field of combating financial crimes.”
