Oman Capital Market Authority Decision No. E/35/2023
Instructions on Registration of Virtual Asset Services Providers and Implementation of the Requirements for Combating Money Laundering and Terrorism Financing
Based on the Securities Law enacted by Oman Sultani Decree No. 46/2022
The Law on Combating Money Laundering and Terrorism Financing enacted by Oman Sultani Decree No. 30/2016; and
In the interest of the public
It has been decided
Instructions on Registration of Virtual Asset Services Providers and Implementation of the Requirements for Combating Money Laundering and Terrorism
Chapter 1 - Definitions and General Provisions
Article 1
In the application of these Instructions, words and expressions shall have the same meaning as those contained in the Law on Combating Money Laundering and Terrorism Financing, and the following words and expressions shall have the meaning respectively ascribed to them unless the context otherwise requires.
Law: the Law on Combating Money Laundering and Terrorism Financing.
CMA: the Capital Market Authority.
Virtual Asset Service Provider or “VASP”
Financial or designated non-financial business or professional entity carrying out the activities of virtual assets provided for in Article (2) of these instructions
Registered entity: A Virtual Asset Service Provider registered with the CMA.