Oman inks two MoUs on combating money laundering, terrorist financing and proliferation

Oman has strengthened its international cooperation in the fight against financial crime by signing two Memoranda of Understanding. The National Center for Financial Information (NCFI) inked these agreements with the Joint Financial Intelligence Unit of Hong Kong and the Anti-Money Laundering Council of the Republic of the Philippines.

The MoUs establish frameworks for joint collaboration and coordinated efforts. They will facilitate the exchange of crucial information, expertise, and best practices. The primary focus is on combating money laundering, terrorist financing, and proliferation financing, critical areas for global financial security.

These significant agreements were finalized on the sidelines of the Egmont Group Plenary Meeting. This international gathering, held in Baku, Azerbaijan, brings together financial intelligence units from around the world to discuss and advance strategies against financial crime. Colonel Juma Mattar Al Thuhli, Chief Executive Officer of the NCFI, formally signed the Memoranda, underscoring Oman's commitment to these vital international partnerships.