Background Investigation & Due Diligence Report

Confidential © Thomson Reuters. All Rights Reserved.

Background Investigation & Due Diligence Report

THOMSON REUTERS ENHANCED DUE DILIGENCE

14 March 2016

AL FALEH GROUP FOR EDUCATION & ACADEMIC SERVICES ( ( والاكاديمية التعليمية للخدمات الفالح مجموعة

Aisha bint Faleh bin Nasser Al-Thani (عائشة بنت فالح بن ناصر آل ثاني

( Report level: Standard Report

Reference no: 04596\P124\IS2\2016

Queries?

T +44 (0) 20 7429 9202 F +44 (0) 870 042 6406 E

[email protected] Order EDD Online

risk.thomsonreuters.com


IMPORTANT NOTE

Confidentiality

This report is strictly private and confidential and may not be disclosed to any third party. Information supplied in this report is intended for the sole purpose of forming part of your evaluation of the entity or individual about whom this report is written (“report subject”).

Basis of Report

This report is based upon information found within the public domain including media reports. Thomson Reuters provides this information to you in summary form only and without giving any opinion in relation to the report subject or the accuracy, completeness or currency of the public domain sources upon which it has relied. If this report includes any indication of negative allegations against the report subject and unless there are indications to the contrary, it should be assumed that such allegations would be denied by them.

Due care has been taken by Thomson Reuters to summarize accurately information found in the public domain. Due to the limitations inherent in relying solely on and the dynamic nature of public domain information, Thomson Reuters advises the reader of this report that: (i) information contained in this report may have changed since it was written; (ii) it has not been able to verify independently the underlying public domain information; (iii) it may not have found all of the public domain information available in connection with the report subject; and (iv) the public domain sources relied upon by it may not be comprehensive, accurate, complete or current.

No liability is accepted by Thomson Reuters for any loss or damage arising out of any reliance on the information contained in this report.


CONTENT

1. ASSIGNMENT .......................................................................................................................... 1

2. EXECUTIVE SUMMARY .......................................................................................................... 2

3. BACKGROUND OF THE COMPANY ....................................................................................... 3

3.1 AL FALEH GROUP FOR EDUCATION & ACADEMIC SERVICES ............................... 3

3.1.1 Company Background ................................................................................................. 3

3.1.2 Media and Internet Searches....................................................................................... 4

3.1.3 Litigation, Bankruptcy, Regulatory and Law Enforcement Checks ............................... 4

3.1.4 Background Information .............................................................................................. 4

3.1.5 Remarks ...................................................................................................................... 5

4. BACKGROUND OF THE INDIVIDUAL ..................................................................................... 6

4.1 AISHA BINT FALEH BIN NASSER AL-THANI .............................................................. 6

4.1.1 Personal Details Summary .......................................................................................... 6

4.1.2 Media and Internet Searches....................................................................................... 7

4.1.3 Litigation, Bankruptcy, Regulatory and Law Enforcement Checks ............................... 8

4.1.4 Background Information .............................................................................................. 8

4.1.5 Remarks ...................................................................................................................... 8

5. GLOBAL COMPLIANCE CHECKS .......................................................................................... 9

ANNEXURE A – GLOBAL COMPLIANCE CHECKS ................................................................. 11


2. EXECUTIVE SUMMARY

DIRECT RISK FACTORS

Government Prohibited Persons and Entities

No risk found

Politically Exposed Persons and Entities Aisha bint Faleh bin Nasser Al-Thani – Risk found. Please refer to Section 4.1.2 (1) and Section 5 (Document 1)

Terrorism No risk found

Corruption and Bribery No risk found

Serious and Organized Crime No risk found

Money Laundering No risk found

Fraud and Regulatory Breaches No risk found

Arms Trafficking and War Crimes No risk found

Human Rights and Labor Abuses No risk found

Intellectual Property Violations No risk found

Social Accountability No risk found

Other Risk Factors No risk found

INDIRECT COUNTRY RELATED RISK FACTORS

Financial Action Task Force12 Qatar – Non-member

State Sponsor of Terrorism – State Department of United States13

Qatar – No

Thomson Reuters Country Risk Ranking14

Qatar

All Corruption Sources:

Master-Index Score: 8.14 out of 10

Risk Band: Low

Anti-Money Laundering Ranking:

Master-Index Score: 7.73 out of 10

Risk Band: Low

Other Sanctions Applicable15 Qatar – None found


3. BACKGROUND OF THE COMPANY

3.1.1 Company Background

Content – This section provides corporate details and identifies key individuals associated with the company through sources such as official records, media and Internet searches, secondary directory listings, company annual reports and company websites.

COMPANY REGISTRY DETAILS16

Company Name Al Faleh Group For Education & Academic Services ( ةوالاكاديمي التعليمية للخدمات الفالح مجموعة )

Registered Address

PO Box 9691, Doha, Qatar

Date of Incorporation

24 August 2008

Registration No. 33646

Chamber of Commerce and Industry Membership No.

12097

Registry Bureau Qatar Chamber Of Commerce And Industry

Registered Capital USD 54,945.05 (QAR 200,000)

Company Type Sole proprietorship (Establishment)

Company Status Active

Date of Retrieval 13 March 2016

Business Scope / Principal Activity

Provides educational products and services

OTHER COMPANY INFORMATION17

Telephone No(s). +974 44657327

+974 4446995218

Fax No(s). +974 44660232

+974 4446964719

Corporate Website http://www.alfalehgroup.com (created on 30 December 2012 and is set to expire on 30 December 202120)

SOLE SHAREHOLDER (LATEST INFORMATION AVAILABLE)

Name Identifiers Investment (QAR) Percentage (%)

Aisha bint Faleh bin Nasser Please refer to Not indicated 100.00

3.1 AL FALEH GROUP FOR EDUCATION & ACADEMIC SERVICES


Al-Thani Section 4.1.1 for identifiers

ASSOCIATED SUBJECT

Please Note: Database searches have been conducted on the listed subject:

Name Position / Relation and Identifiers (date of appointment not indicated)

Aisha bint Faleh bin Nasser Al-Thani

Chief Executive Officer 21 , Chairperson 22 , Founder 23 , Sole Shareholder24 and General Manager25

Please refer to Section 4.1.1 for identifiers

OTHER ASSOCIATED SUBJECTS

Please Note: Database searches have NOT been conducted on the listed subjects:

Name Position / Relation and Identifiers

Doha Academy26 Subsidiary

Country: Qatar

Status: Active

Al Faleh Training Centre27

Subsidiary

Country: Qatar

3.1.2 Media and Internet Searches

Content – This section contains English as well as Arabic language media and Internet searches. Databases are searched using keyword strings designed to identify risk.

English and Arabic language searches did not reveal any risk.

3.1.3 Litigation, Bankruptcy, Regulatory and Law Enforcement Checks

Litigation, bankruptcy, regulatory and law enforcement checks could not be undertaken due to non-availability of the sources in Qatar.

3.1.4 Background Information

Al Faleh Group for Education & Academic Services was established in Qatar by Aisha bint Faleh bin Nasser Al-Thani. The subject company provides educational products and services in Qatar.28 It organizes conferences tackling educational issues each year29 as well as publishes school text books and general interest books. There are many teacher


graduates (exact number not indicated) from the company’s Global Educational Centre each year.30 In addition, Al Faleh Group for Education & Academic Services was reported to have approximately 80 employees as of 2012.31

Al Faleh Group for Education & Academic Services has a limited profile in English and Arabic language media and Internet sources, therefore no further details pertaining to the subject company could be retrieved.

3.1.5 Remarks

Searches did not reveal any risk pertaining to the subject company.


4. BACKGROUND OF THE INDIVIDUAL

4.1.1 Personal Details Summary

Content – This section provides individual details and identifies key associates of the subject through sources such as media and Internet searches and secondary directory listings. It also provides corporate details of key associates of the subject.

INDIVIDUAL DETAILS

Name Aisha bint Faleh bin Nasser Al-Thani (Aisha) (عائشة بنت فالح بن ناصر آل ثاني)

Nationality Qatari32

Titles Her Excellency33 (H.E.)34

Sheikha 35

Dr36

Gender Female37

ASSOCIATED SUBJECT

Please Note: Database searches have been conducted on the listed subject:

Name Position / Relation and Identifiers (date of appointment not indicated)

Al Faleh Group for Education & Academic Services

Chief Executive Officer 38 , Chairperson 39 , Founder 40 , Sole Shareholder41 and General Manager42

Please refer to Section 3.1.1 for identifiers

OTHER ASSOCIATED SUBJECTS43

Please Note: Database searches have NOT been conducted on the listed subjects:

Name Position / Relation and Identifiers (date of appointment not indicated unless specified)

Reach Out to Asia (ROTA44)

Board of Directors

Country: Qatar

Status: Active

4.1 AISHA BINT FALEH BIN NASSER AL-THANI


Zaytuna Institute and College (a.k.a. Zaytuna University45)

Board of Directors

Country: United States46

Status: Active

World Congress of Muslim Philanthropists (WCMP)

Chair of the Board of Patrons47 and Director48

Doha Academy Founding Director49

Country: Qatar

Lina’s Paris Restaurant50 Associate (exact position not indicated)

Country: Qatar

Asnaaf International LLC51

Owner52

Country: Qatar

Qatar Supreme ‎ noitacud‎luodicC53 (SEC54)

Former Board of Directors (from 2006 until 201455)

Country: Qatar56

4.1.2 Media and Internet Searches

Content – This section contains English as well as Arabic language media and Internet searches. Databases are searched using keyword strings designed to identify risk.

English and Arabic language searches revealed the following risk.

(1) Aisha is a politically exposed person in Qatar.57

Risk Category: Politically Exposed Persons and Entities

Aisha is a politically exposed person in Qatar. She was found to be a member of Qatar ruling family.58 She was a Director of the Supreme Education Council of Qatar to which she was appointed by an Emiri decree No. 9/200659 (from 2006 until 2014)60. She is also a Director (date of appointment not indicated) of a state-owned entity, Reach Out to Asia, a charity initiative founded by Sheikha Al Mayassa bint Hamad Al-Thani, a politically exposed person in Qatar.61


Please refer to Section 5 (Document 1) for related article.

4.1.3 Litigation, Bankruptcy, Regulatory and Law Enforcement Checks

Litigation, bankruptcy, regulatory and law enforcement checks could not be undertaken due to non-availability of the sources in Qatar.

4.1.4 Background Information62

4.1.5 Remarks

Searches revealed risk pertaining to the subject as mentioned in Section 4.1.2 (1) and Section 5 (Document 1).


5. GLOBAL COMPLIANCE CHECKS

World-Check and other databases contain a comprehensive list of individuals and companies that have been banned, censured or otherwise listed by a government, non-governmental agency or multilateral organization. This includes the major international and national sanctions, designated and denied persons lists.

Please refer to Annexure A for the list of databases checked under this heading.

World-Check and other databases searches undertaken on the below mentioned subjects revealed the following results:

No. Subject Results

1 Al Faleh Group For Education & Academic Services

No risk found

2 Aisha bint Faleh bin Nasser Al-Thani Risk found. Politically Exposed Persons and Entities (Please refer to Document 1 below)

Document No. 1

Name Sheikha Aisha Bint Falah Bin Nasser Al-Thani

Date Entered 10 March 2016

World-Check Unique Identifier

2962607

Risk Category Politically Exposed Persons and Entities

Summary of Risk Aisha is a politically exposed person in Qatar.

The following information is an extract from World-Check.

Title: Sheikha

Position: Member of Royal Family

Nationality: Qatari

Location: Qatar

Aliases:

Sheikha Aisha Bint Faleh Al Thani

Sheikha Aisha Al-Thani

Sheikha Aisha Bint Faleh Al-Thani

Reported to be linked to: Sheikh Muhammad Bin Falah Al-Thani

Description of result:

Aisha was found to be a member of Qatar ruling family (as reported in December 2014). She is also the Founder and Chairperson of Al Faleh Group for Educational & Academic Services (as


reported in March 2015), a Member of the Board of Directors of Reach Out To Asia (as reported in March 2015), a Member of the Supreme Education Council (from 2006 until 2014), the Founder and Chairperson of Doha Academy (since September 2000).

~End of Report~


ANNEXURE A – GLOBAL COMPLIANCE CHECKS

Thomson Reuters World-Check

Find Hidden Risk with World-Check Risk Intelligence

World-Check is a global database of intelligence on PEPs and heightened risk individuals and entities. It is used in risk-based customer due diligence programs to screen for risk and enable compliance with Know Your Customer (KYC) legislation relating to anti-money laundering (AML), counterterrorism financing (CTF), anti-bribery & corruption (ABC), organized crime, 3rd party risk and other financial crimes control.

World-Check is used to:

• identify individuals or entities appearing on sanctions or enforcement lists • disclose and monitor PEP relationships • Screen for hidden risk in business relationships with customers, partners, supply chains,

vendors etc. • avoid reputation damage from unwitting association with illicit entities, their associates and

family members • uncover risk associated with threat finance, trafficking, fraud, bribery, organized crime and

human networks • Enable a risk based approach.

Key stats:

• 400+ sanctions, watch and regulatory law and enforcement list coverage • Additional risk-based information sourced through extensive high risk media research • Research analysts working in 60+ languages • Specialist research focuses on threat finance, organized crime and the Middle East • 240+ countries covered • 100,000s sources, million+ URL links • 6000+ clients in 170 countries • 49 o the world’s top 50 banks

Enhanced Due Diligence Regulatory and Law Enforcement databases

Thomson Reuters' Enhanced Due Diligence Regulatory and Law Enforcement databases cover data sources published by financial regulators, law enforcement and other government agencies. Our data also includes media reports on violent and financial crimes. It is not possible to conduct exhaustive criminal and regulatory checks in all jurisdictions and Thomson Reuters does not claim to do so. However, Thomson Reuters does constitute the most comprehensive best practice approach in jurisdictions where criminal records are not readily available.

Thomson Reuters Country Risk Ranking

Country Risk Ranking delivers fast, objective ranking of geopolitical risk. It quantifies risk attached to customers and transactions based on country of origin, and are necessary for mergers and acquisitions, security of supply chain, cross border expansion and exploration, and production. Country Risk Ranking is part of a structured approach to regulatory and reputational compliance,


aggregating more than 190 credible public domain sources of political, economic and criminal risk intelligence. This enables organizations to understand the risk profile of a country.

Country Risk Ranking has many strategic applications, for example:

Global businesses expanding into new territories – stability of government, cost of labor

Product distributors – prevalence of counterfeiting

Multinationals reviewing agent agreements – corruption of government officials

Online payment processors – deficiency of Anti-money Laundering (AML) controls

Used by organizations that actively manage risk, Country Risk Ranking is part of a structured approach to regulatory and reputational compliance.


Accelerate Your Business Risk Management Solutions from Thomson Reuters bring together trusted information, managed services, software and expertise – an unrivaled combination in the industry that helps you manage customer and third party risk, compliance risk, enterprise risk, financial risk, and corporate governance and controls. With the power of Thomson Reuters behind you, you can confidently anticipate and act on risks – and make decisions that accelerate business performance. risk.thomsonreuters.com

Background Investigation & Due Diligence Report

Documents

Transcript of Background Investigation & Due Diligence Report