Oman

Related publications

  • 19 Dec 2024

    Oman's measures to combat money laundering and terrorist financing The FATF/MENAFATF mutual evaluation report of Oman assessed the effectiveness of Oman's measures to combat money laundering, terrorist financing and proliferation financing, and their level of compliance with the FATF Recommendations.

  • 24 Jun 2011

    Outcomes of the Joint Plenary meeting of the FATF and GAFISUD, Mexico City, 22-24 June 2011 The Chairman's summary provides an overview of the major FATF decisions of the Joint Plenary meeting of the FATF and GAFISUD, during which the FATF issued a statement on the progress made by Argentina, and the mutual evaluation reports for the State of Kuwait and the Sultanate of Oman were adopted.

  • 24 Jun 2011

    Mutual Evaluation of the Sultanate of Oman The level of compliance with the FATF Recommendations for the anti-money laundering and counter-terrorist financing regime of the Sultanate of Oman is comparatively high for the region, and the legal framework is sound. However, the overall effectiveness was noted to be lacking in some areas. Parts of the terrorist financing legal framework need to be improved and the number of investigations and convictions increased. The evaluation of the anti-money laundering and counter-terrorist financing regime of the Sultanate of Oman was conducted jointly by the FATF and the the Middle East and North Africa Financial Action Task Force MENAFATF.

Member of

Ratings

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

4th round France ratings

IO1
HE
IO2
HE
IO3
HE
IO4
HE
IO5
HE
IO6
SE
IO7
HE
IO8
HE
IO9
HE
IO10
ME
IO11
SE

Technical Compliance

Definition

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

4th round France ratings

R.1 - Assessing risk & applying risk-based approach
C
R.2 - National cooperation and coordination
C
R.3 - Money laundering offence
C
R.4 - Confiscation and provisional measures
C
R.5 - Terrorist financing offence
C
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
PC
R.7 - Targeted financial sanctions related to proliferation
NC
R.8 - Non-profit organisations
PC
R.9 - Financial institution secrecy laws
PC
R.10 - Customer due diligence
C
R.11 - Record keeping
PC
R.12 - Politically exposed persons
PC
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
C
R.15 - New technologies
C
R.16 - Wire transfers
C
R.17 - Reliance on third parties
C
R.18 - Internal controls and foreign branches and subsidiaries
PC
R.19 - Higher-risk countries
C
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
PC
R.22 - DNFBPs: Customer due diligence
NC
R.23 - DNFBPs: Other measures
C
R.24 - Transparency and beneficial ownership of legal persons
LC
R.25 - Transparency and beneficial ownership of legal arrangements
PC
R.26 - Regulation and supervision of financial institutions
NC
R.27 - Powers of supervisors
C
R.28 - Regulation and supervision of DNFBPs
C
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
PC
R.31 - Powers of law enforcement and investigative authorities
PC
R.32 - Cash couriers
LC
R.33 - Statistics
LC
R.34 - Guidance and feedback
PC
R.35- Sanctions
PC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
PC
R.38 - Mutual legal assistance: freezing and confiscation
C
R.39 - Extradition
PC
R.40 - Other forms of international cooperation
LC