The Qatar Financial Centre Regulatory Authority has entered into a settlement agreement with Experts Credit Solutions Consultancy LLC to conclude an investigation into unauthorised arranging of credit facilities. The regulator found that the firm arranged credit facilities without authorisation between January 2023 and October 2024, an activity that requires QFCRA authorisation. Under the settlement, the QFCRA imposed a reduced financial penalty of QAR 145,800 (USD 40,000) and required payment of QAR 36,450 (USD 10,000) toward investigation costs and expenses. The penalty reduction reflected the firm’s early engagement, cooperation during the investigation, and remedial measures implemented to address the issues identified, and the settlement resolves the matter to the QFCRA’s satisfaction.
Qatar Financial Centre Regulatory Authority 2026-02-19
Qatar Financial Centre Regulatory Authority settles with Experts Credit Solutions Consultancy over unauthorised credit facility arranging and imposes QAR 145,800 penalty
The Qatar Financial Centre Regulatory Authority settled with Experts Credit Solutions Consultancy LLC over unauthorised credit facility arrangements conducted from January 2023 to October 2024. The firm will pay a reduced penalty of QAR 145,800 (USD 40,000) and QAR 36,450 (USD 10,000) for investigation costs, reflecting its cooperation and remedial actions. The settlement concludes the investigation to the regulator's satisfaction.