To: All Licensed Banks/ Non-Bank Finance Companies and Money Exchange Companies Operating in the Sultanate of Oman

Subject: Enhancement of the Role of the Financial System in Combating Money Laundering

After Compliments,

1. Reference is invited to Oman Central Bank Circular No. BM936/2002 dated April 7, 2002 on the issue of Oman Sultani Decree No. 34/2002 – the Money Laundering Law, effective April 1, 2002. All licensed institutions have already been advised to comply with the provisions thereof.

2. Attached are copies of the Law in Arabic and English (the later being unofficial English translation).

3. As would have been observed, the Law has made the existing relevant provisions of the earlier laws, regulations and instructions on a firm and formal footing, besides introducing certain new clauses. Needless to add that the provisions of the earlier laws, as in the case of the Drugs and other Mental Obstruction Substances Trafficking Law-Oman Sultani Decree 17/1999 (extracts circulated vide circular letter BA&DD/CBS/CB/99/923 dated April 27,1999), not specifically repealed/amended, shall continue to remain in force.