Oman fights money laundering, terrorism financing | Al-Shorfa

Oman fights money laundering, terrorism financing | Al-Shorfa:



"Over the past decade, Oman has issued a series of legislations to combat money laundering and terrorism financing, experts told Al-Shorfa.



The country's strategic geographical position -- overlooking three seas and the Strait of Hormuz-- exposes it to these threats, though to a lesser extent than other countries in the region because of its reserved openness to global capital markets and globalisation, said Haitham al-Salemi, vice president for business development and operations at the Oman-based Gulf Baader Capital Markets, an investment banking company.



"Oman still has a very good reputation in combating money laundering and terrorist financing," he told Al-Shorfa."



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