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20 January 2021

06 Jumaadaa al-Aakhirah 1442

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Law No.13 of 2012 on Issuing the Law onQatarCentral Bank andthe Regulation of Financial Institutions

Law Summary Record Type: LawNumber: 13Date: 02/12/2012 Corresponding to 18/01/1434 HijriNumber of Articles: 234Status: In force

Official Gazette :Issue: 17Offcial Journal Issue Publication Date: 30/12/2012 Corresponding to 17/02/1434 HijriPage from: 3

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Chapter Two: Banking Confidentiality

145 Article

All client accounts, deposits, trusts and safety deposits in banks and all transactions related to them, shall be confidential, and may not be accessed or disclosed and nor may any information or data about it be given to any person either directly or indirectly, except by written permission from the client, his heirs or legatees, or based on an enforceable court ruling in a current legal dispute.

146 Article

The chairpersons and members of the boards of directors of banks, their directors, advisers, supervisors, agents, correspondents, experts and all other employees shall be prohibited from giving, revealing or disclosing any information, data, records or documents regarding their clients, their accounts, deposits, trusts, assets or safety deposit boxes, or any transactions or affairs related to them, except in cases authorized under the provisions of this Law and in accordance with the conditions and controls laid down by the Bank.

The prohibition referred to in the preceding paragraph shall apply in relation to all persons and entities and shall remain in place until after the termination of the relationship between the client and the Bank, or between any of the persons referred to in the preceding paragraph and the Bank for any reason.

147 Article

The following cases shall be excluded from the provisions of the confidentiality requirements set forth in the preceding two articles:

1 - Specified reporting of information under the provisions of the Anti-Money Laundering and Terrorist Financing law referred to.

2 - Disclosure of information or data required by the work of the employees of the Bank to carry out the functions entrusted to them, or which the Bank considers necessary for the performance of its functions in accordance with its guidelines.

3 - Disclosure by banks at the request of the competent judicial authority all or some of the information or data relating to clients, their affairs and transactions, in order to provide judicial evidence in a current dispute between the Bank and the client in relation to those transactions.

4 - Issuance of a certificate or statement of the reason for the rejection of a cheque at the request of the person entitled.

5 - In the case of declaring the Bankruptcy of the client under a final judicial ruling.

6 - Statistical information relating to the accounts if they are published in a collective or periodic form, or general information related to the accounts, whether such publication is in whole or part, provided that does not lead to the disclosure of the identity of the client or anything related to his financial or banking affairs.

148 Article

The auditor shall be prohibited from disclosing any data or information that he may have obtained by virtue of the functions entrusted to him by law, and is related to any credit, banking or other information of any of the clients of any of the Banks, and from contributing directly or indirectly to the disclosure of the identity of the client or anything related to his financial or banking affairs, in circumstances other than those imposed or permitted by law.

The prohibition referred to in the preceding paragraph shall remain in force even though the relationship between the client and the Bank or between the auditor and the Bank has terminated for any reason.

149 Article

Seizure of funds and assets protected under this chapter shall not be carried out except in cases where the confidentiality stipulated in Articles (146), (147) of this Law is removed.

150 Article

The provisions for the protection of banking confidentiality, set forth in this Chapter, shall apply to all clients of financial institutions subject to the provisions of this Law.