Workshop on Money Laundering Crime “Reality and Challenges”

In continuation of the endeavors to enhance the anti-money laundering and combating financing terrorism efforts in the sectors regulated by the Capital Market Authority and  the companies’ and financial institutions attentiveness to the importance of training the employees on this matter, the CMA organized a workshop titled    “ Money Laundering Crime Reality and Challenges” in collaboration with the  Public Prosecution for the compliance officers of the licensed companies in the capital market and insurance sector.

The workshop acquainted the  participants with  the concept of money laundering and terrorism financing crime and certain applications related thereto in addition to historical overview on the crime, the Omani legal perspective and the penalties against the perpetrators. The workshop highlighted the key obligations of the entities required to report.

It is worth to note that the workshop is part of series of programs and workshops related to anti-money laundering and combating financing terrorism  for this year as continuation of the  awareness program that included a number of workshops and other  events beside the regulatory role, legislation, surveillance and inspection of the companies.