Oman to enforce anti-money laundering law soon

OMAN - Dr. Sheikh Abdul Malik bin Abdullah al Hinai, Undersecretary for Economic Affairs, said the Sultanate will shortly apply a law to combat money laundering.

In a statement, he said the model law complies with international standards and provides for reporting as well as measures that would be applied against offenders.

He said the law enforcement which would be strict and effective would help thwart attempts to legalize money associated with crimes such as illicit drug trafficking.

The law

To continue reading...