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.
National Centre for Financial Information (NCFI) was set up in the Sultanate of Oman pursuant to the law of anti-money laundering and combating financing of terrorism (AML/CFT) promulgated by the Royal Decree No. (30/2016), on 2 May 2016 following cancellation of the previous law (79/2010) whereby the name is changed from Financial Intelligence Unit (FIU) of Royal Oman Police (ROP) to National Centre for Financial Information (NCFI) .
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.