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CBO chief reviews anti-money laundering efforts
January 31, 2018 | 10:31 PM
by ONA
Tahir bin Salim bin Abdullah Al Amri, Executive President of the Central Bank of Oman, presided over the meeting for identifying the risks and threats to entities. -ONA
 
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Muscat: The National Committee for Combating Money Laundering and Terrorism Financing (NCCMLTF) reviewed the progress made in the national risk assessment programme related to the combating of money-laundering and the financing of terrorism.

In a meeting chaired by Tahir bin Salim bin Abdullah Al Amri, Executive President of the Central Bank of Oman (CBO), the panel discussed aims to strengthen and support the national strategy by identifying the most important risks and threats and methods of committing such crimes and addressing gaps in the control system.

Holding its first meeting for 2018 at the Central Bank of Oman, they discussed a number of topics on the agenda and took appropriate decisions.

The committee focused on the stages of the national risk assessment and the progress achieved in cooperation with IMF experts within the technical cooperation programme.



It also reviewed the current position of the programme of NCCMLTF on raising awareness of the requirements of Combating Money Laundering and Terrorism Financing Law carried out by the members of the Committee to the entities under its supervision.

The Committee also discussed the activities for 2018, stressing the importance of active participation in the international meetings of the Financial Action Task Force (FATF) and the Financial Action Task Force for the Middle East and North Africa (MENAFATF).

The Committee was briefed on the efforts made by the National Center for Financial Information and Statistics and its 2017 activities and its 2018 action plan.

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