Guidelines to the implementation of Targeted Financial Sanctions

In compliance with the relevant UNSCRs on the Prevention and Suppression of Terrorism and its Financing and the Prevention, Suppression and Disruption of the Proliferation of Weapons of Mass Destruction and its financing pursuant to the National Counter-Terrorism Committee Decision No. 01/2022

Abbreviations

AML/CFT

Anti-Money Laundering/Countering Financing of Terrorism

AML/CFT Law

Law on Anti-Money Laundering and Countering Financing of Terrorism (Royal Decree No. 30/2016)

DNFBP

Designated Non-Financial Businesses and Professions

DPRK

Democratic People’s Republic of Korea

FI

Financial Institution

NCTC

National Counter-Terrorism Committee

NPO

Non-Profit Organization

OMR

Omani Rial

TFS

Targeted Financial Sanctions

TFS Committee

Targeted Financial Sanctions Committee

TFS Regulation

Decision No. (01/2022) On Issuing Procedures for the Implementation of Security Council Resolutions Issued Under Chapter VII of the United Nations Charter on the Prevention and Suppression of Terrorism and its Financing and the Prevention and Suppression of WMD Proliferation and its financing.

UNSC

United Nations Security Council

UNSCR

United Nations Security Council Resolution