News

Sultanate of Oman and the International Day for the Prevention of Violent Extremism as and when Conducive to Terrorism

12/02/2023

The Sultanate of Oman has joined the rest of the world in observing the International Day for the Prevention of Violent Extremism as and when Conducive to Terrorism (PEV Day), which was adopted by the UN General Assembly Resolution 243/77 designating February 12 of each year as the PEV Day. It aims to raise awareness of threats related to violent extremism and promote international cooperation in this matter. The Sultanate of Oman marks this occasion to reiterate its constant efforts to remain free from terrorism and violent extremism which leads to terrorism. The Omani efforts are the result of building a comprehensive legal framework concerned with countering terrorism and terrorist activities and organizations. Additionally, there have been professional and massive efforts at various levels in Oman in this field with cooperation and coordination between various institutions including Oman’s National Counter Terrorism Committee.
#An article in the Oman Observer marking this occasion, 12 Feb 2023
#Noon Hour Program_International Day for the Prevention of Violent Extremism as and when Conducive to Terrorism

The Ministry of Social Development issued the Ministerial Decision No. (36/2023)

07/02/2023

The Ministry of Social Development issued on 1st February 2023 Ministerial Decision No. (36/2023) introducing the regulations for the supervision of non-profit organizations and associations with regard to countering money laundering and terrorism financing.

The Terrorist Financing Targeting Center (TFTC) launched its official website

07/02/2023

The Terrorist Financing Targeting Center (TFTC) launched on 1st February 2023 its official website. For more details, visit TFTC website: www.tftc-istehdaf.org

Undersecretary of the Foreign Ministry for Diplomatic Affairs met the US Under Secretary of the Treasury for Terrorism and Financial Intelligence

29/01/2023

Shaikh Khalifa Ali al Harthy, Undersecretary of the Foreign Ministry for Diplomatic Affairs met on 29th January 2023 Brian Nelson, US Under Secretary of the Treasury for Terrorism and Financial Intelligence. The meeting discussed areas of cooperation between the two countries and underlined the two sides’ keenness to continue promoting them in various fields.

The National Counter-Terrorism Committee Sings Cooperation Programs with a Number of Ministries and Authorities

15/01/2023

On 15th January 2023, the National Counter-Terrorism Committee (NCTC) signed cooperation programs with the Ministry of Justice and Legal Affairs, the Ministry of Commerce, Industry and Investment Promotion, the Ministry of Housing and Urban Planning, the Central Bank of Oman and the Capital Market Authority in the field of countering terrorist financing and WMD proliferation financing.

The National Center for Financial Information (NCFI) signed a memorandum of understanding with the Directorate of Financial Intelligence Directorate of the Ministry of Interior in the brotherly Kingdom of Bahrain

09/01/2023

On Wednesday 4 January 2023, the National Center for Financial Information (NCFI) signed a memorandum of understanding with the Directorate of Financial Intelligence Directorate of the Ministry of Interior in the brotherly Kingdom of Bahrain in the field of information exchange related to money laundering, associated predicate offenses and terrorism financing.

The National Committee for Combatting Money Laundering and Terrorism Financing and the National Counter-Terrorism Committee approved substantive risk-assessment reports

02/01/2023

In coordination with the National Counter-Terrorism Committee (NCTC), the National Committee for Combatting Money Laundering and Terrorism Financing approved, on 29th December 2022, a number of substantive risk-assessment reports on the crimes of money laundering, financing of terrorism and proliferation of weapons of mass destruction. The approved reports are a culmination of effective coordination between all relevant AML/ CFT entities and a clear realization of the national strategies, aimed at improving the prevention and control systems in the Sultanate of Oman and in consistent with the developments at the local and regional levels. It is note-worthy that the approved reports are meant to identify, assess and understand the risks resulted from the crimes of money laundering, financing of terrorism and financing proliferation of weapons of mass destruction. This is in addition to understanding the risks that might be faced by the legal entities and arrangements, and service offices in Oman. It is further to be noted that the two national committees aim to utilize the assessments in order to update and develop the national strategies and action plans for combating such crimes. The outcome of these assessments would effectively contribute to the allocation of the available risk management resources, reinforcement of the capabilities of national authorities, including the pre-emptive measures and operational procedures. Besides, the outcome would also enhance the capabilities of the relevant authorities, expand the scope of their legal framework, capability and preparedness to keep pace with latest local, regional, and international developments related to combatting these crimes in compliance with the international requirements issued by the Financial Action Task Force (FATF).

The National Counter-Terrorism Committee issued a decision to establish "Targeted Financial Sanctions Committee"

28/12/2022

On 27th December 2022, the National Counter-Terrorism Committee issued a decision to establish "Targeted Financial Sanctions Committee" (TFS) under the National Committee. The TFS Committee is tasked with taking decisions on listing persons and entities involved in terrorism in the Local List in accordance with the NCTC decision No. (1/2022) on issuing procedures for the implementation of Security Council Resolutions issued under Chapter VII of the United Nations Charter on the prevention and suppression of terrorism and its financing, and the prevention, suppression and disruption of WMD proliferation and its financing.

The Capital Market Authority has created a new department called Combating Money Laundering and Terrorism Financing Department

28/12/2022

The Capital Market Authority has created a new department called Combating Money Laundering and Terrorism Financing Department; the regulatory body concerned with ensuring the provision of a safe investment climate for institutions in the capital market and insurance sectors, as well as protecting the rights of investors and insurance policyholders. This comes as a continuation of the joint efforts between the government entities and units facing the phenomenon of money laundering and terrorism financing.