Combating money laundering and financing of terrorism in Oman.
Forming a national center for receiving, analyzing and disseminating Suspicious Transaction Reports (STRs) to the competent authorities.
The Financial Intelligence Unit (FIU – Oman) has been established pursuant to the Anti-Money Laundering and Combating of Terrorism (AML/CFT) Law issued pursuant to Royal Decree No. 79/2010 on 28/06/2010.
Money laundering and financing of terrorism constitute an international complicated problem. That is why every country, advanced, developed or underdeveloped, gives great care to this matter. Moreover, the ways of money laundering and financing of terrorism are getting more complicated day by day. This makes the detecting of such criminal activities, also getting difficult day by day. Nowadays, the problem has become a real threat to the interests and security of nations and a real challenge to the world's economy and financial system.