Study outlines Oman’s role in tackling money laundering
Dr Abdul Salam Faraj Yahya, an economic expert at the Oman Chamber of Commerce and Industry (OCCI) has conducted a scientific study on money laundering, emergence, causes local, regional and international efforts to combat it.
The study which comprises three chapters, highlights historic development of this phenomenon in terms of emergence, causes and socio-economic effects. The second chapter highlights the role of banking system and central banks in combating money laundering.
The third chapter highlights the major local, regional and international efforts to combat this phenomenon with special focus on sultanate’s role in Oman in this.