Oman Ministerial Decision No. 113/2021 On the Issuance of a Regulation for the Control of Brokerage Offices and Companies in the Real Estate Fields and Real Estate Developers in the Matter of Combating Money Laundering and Terrorist Financing
Based on the Law on the Regulation of Brokerage in Real Estate promulgated by Oman Sultani Decree No. 78/1986;
Law of Anti-Money Laundering and Combating the financing of Terrorism promulgated by Oman Sultani Decree No. 30/2016;
Regulation of the escrow account for real estate development projects promulgated by Oman Sultani Decree No. 30/2018;
Oman Sultani Decree No. 93/2020 amending the title of the Ministry of Housing to become Ministry of Housing and Urban Planning and determining the competencies thereof and approving its organisational structure; and
Based on the requirements of the public interest;
The following has been decided:
Article 1
The annexed Regulation for control over the real estate brokerage companies and offices and the real estate developers regarding anti-money laundering and combatting terrorism financing shall be enforced.