The Emir of Qatar has issued Qatar Law No. 20/2019 on Anti-Money Laundering and Terrorism Financing, replacing Qatar Law No. 4/2010. The law is to be implemented from the day following its publication in the Official Gazette. The Qatari Central Bank has said the new law complies with recommendations from the Financial Action Task Force (FATF) by setting binding legal requirements for businesses and the financial sector on combatting money laundering and terrorist financing, including non-profit organisations and money transfer services. Those who violate the law will face fines and imprisonment. The law requires the “widest possible cooperation and exchange of financial information” with foreign counterparts. Qatar has already signed a relevant memorandum of understanding with the United States.