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AML/CFT, sanctions and financial compliance · Regulatory layer

AML/CFT Quality Assurance Function for Banks

Calls for an independent Quality Assurance Function reporting to the Head of Compliance to review the AML/CFT framework, data, processes and controls on an ongoing basis, identify deficiencies and support remediation.

Material typeOfficial CBO guidance
Legal branchAML/CFT, sanctions and financial compliance
Legal layerRegulatory layer
Source languageOfficial English PDF published by the CBO
Review dateSeptember 13, 2026

01

Document overview

Calls for an independent Quality Assurance Function reporting to the Head of Compliance to review the AML/CFT framework, data, processes and controls on an ongoing basis, identify deficiencies and support remediation.

02

Scope and exclusions

Applies to

Expressly addressed to all licensed Omani banks and linked by the document to Royal Decree 30/2016 and circulars BM 1152 and FM 34.

Limitations and exclusions

Does not replace internal audit, mandatory independent review or board and management accountability. Its current relationship with BM 1187 and later organisational requirements must be checked separately.

04

Official source

CBO BED/Banks/2021/Gen-108/220 · 9 September 2021 · Central Bank of Oman

September 13, 2026

Open official source ↗

This editorial overview explains the instrument's subject and scope but does not replace the authoritative Arabic text or the current consolidated version.

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