The purpose of the Anti-Money Laundering and Combatting the Financing of Terrorism Guidelines for the Financial Sector (the “Guidelines”), is to assist financial institutions in understanding their AML/CFT obligations under Royal Decree No.30/2016 Promulgating the Law on Combating Money Laundering and Terrorism Financing (“AML/CFT Law”), Central Bank of Oman (CBO) Instructions for all Licensed Financial Institutions under the Supervision of the CBO on implementing Combating Money Laundering and Terrorism Financing Law No.30/206 (“CBO Instructions”), Decision No. E/80/2021 Instructions to the Capital Markets Institutions on the Implementation of the Provision of the Law on Combating Money Laundering and Terrorism Financing (“CMA Capitals Markets Sector Instructions”) and Decision No.E/81/2021 Instructions to Insurance and Takaful Companies, Brokers and Agents on the Implementation of the Provision of the Law on Combating Money Laundering and Terrorism Financing (“CMA Insurance Sector Instructions”).

Specifically, these Guidelines are applicable to all natural and legal persons in the following categories:

• Banks, finance leasing companies, money exchange establishments, payment service providers