Money laundering can get you 10-year jail, OMR50,000 fine in Oman

Salem Al Yahmadi, assistant director of the Department of Associations and Community Clubs, discussed the Ministry efforts to reduce the crimes of money laundering and terrorist financing.

“The ministry enacted legislation limiting the association’s dealings with individuals and external organisations without the prior approval of the Ministry, additionally not allowing foreign entities to establish associations or open branches in the Sultanate.”

In 2013, the ministry had carried out an induction seminar for NGOs to introduce them to the laws against money laundering. Furthermore, the Ministry continues to review the annual financial reports of NGOs,” Al Yahmadi added. The Ministry has also appointed specialists to deal with reports of suspected of money laundering cases. Article 5 of the NGO Law prohibits associations from joining or participating in an association or club outside the country except with the consent of the Minister.