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Judgments

Nigel Thomas Howard Perera vs QFCRA

Appellate Division
CTAD0001/2022
Neutral Citation
[2022] QIC (A) 6
Date
11 August 2022
Status
Keywords
AML/CFT Rules
Appellate Division
Financial Penalties
Financial Services Regulations
Permission to Appeal
Prohibition
QFCRA
Judges
The Rt. Hon. The Lord Thomas of Cwmgiedd
Chelva Rajah SC
Laurence Li SC
Summary

In the Qatar International Court, Nigel Perera appealed a decision by the Qatar Financial Centre Regulatory Authority (QFCRA) that imposed a financial penalty and a three-year suspension for breaches of Anti-Money Laundering and Combating the Financing of Terrorism rules. The Regulatory Tribunal partially upheld his appeal, reducing the financial penalty but maintaining the suspension. Perera sought permission to appeal the suspension, arguing it was excessive and that both penalties could not be imposed simultaneously. The court allowed the appeal on the second ground but ultimately dismissed it, affirming the Regulatory Tribunal's decision.

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Judges

  • The Rt. Hon. The Lord Thomas of Cwmgiedd

    Wales

  • Chelva Rajah SC

    Singapore

  • Laurence Li SC

    Hong Kong

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