To: All Licensed Banks and Financial Institutions

Subject: Oman Sultani Decree No. 34/2002 Issuing the Money Laundering Law

We are pleased to inform you that the Monday Laundering Law has been issued by Oman Sultani Decree No. 34/2002 and published in the Official Gazette No. 716 dated 1/4/2002.

Having regard to the utmost importance of the above-mentioned Law, all Licensed Banks and Financial Institutions are required to study the Law with care and deliberation and to adhere and comply with its provisions from the date of publication.