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Judgments

Nigel Thomas Howard Perera v Qatar Financial Centre Regulatory Authority

Regulatory Tribunal
Case No. RTFIC0002/2021
Neutral Citation
[2021] QIC (RT) 6
Date
30 December 2021
Status
Keywords
Individual Rules
Prohibition
QFCRA
Regulatory Appeal
Regulatory Tribunal
Judges
Sir William Blair
Gopal Subramanium
Dr. Muna Al-Marzouqi
Summary

The Regulatory Tribunal of the Qatar Financial Centre ruled on an appeal by Nigel Thomas Howard Perera against a decision by the Qatar Financial Centre Regulatory Authority (QFCRA) from April 2021. Perera, previously CEO of International Financial Services (Qatar) LLC, was fined QAR 273,000 and banned from performing controlled functions for three years due to deficiencies in compliance with Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) rules. The Tribunal upheld the QFCRA's findings, noting Perera's failure to act with due skill and diligence and to cooperate openly with the authority.

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Judges

  • Sir William Blair

    England

  • Gopal Subramanium

    India

  • Dr. Muna Al-Marzouqi

    Qatar

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