The Sultanate of Oman requested technical assistance from the EU Global Facility on AML/CFT at the end of the year 2023.
The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Oman was undertaken by the Financial Action Task Force (FATF) in 2011. According to that Evaluation, Oman was deemed Compliant for 3 and Largely Compliant for 24 of the FATF 40 + 9 Recommendations. It was Partially Compliant or Non-Compliant for 1 out of 6 of the Core Recommendations.
The technical assistance training and activities delivered by the EU Global Facility on AML/CFT will seek to support Oman authorities and stakeholders in upholding their compliance with FATF 40 Recommendations and continue to address any potential deficiencies in the country’s national anti-money laundering and counter-terrorist financing framework. as defined under the Fourth and Fifth Anti-Money Laundering Directives.