The Oman Financial Services Authority (FSA) held a workshop to discuss key outcomes from its 2025 anti-money laundering and counter-terrorism financing (AML/CFT) supervisory progress and to present the requirements of the Risk Assessment Questionnaire for licensed companies. The session targeted compliance officers and equivalents at firms in the capital market and insurance sectors. The workshop covered observations from inspection visits, major updates to the companies’ data collection questionnaire for the 2025 financial year, clarification of selected questionnaire concepts, and common errors made when submitting data through the system. The FSA emphasised the need for accurate, activity-aligned data to improve data quality that feeds into the AML/CFT risk matrix, and highlighted areas for strengthening, including more comprehensive risk assessment reports covering customer, geographic, product and service, and delivery channel risks, alongside due diligence measures. It also stressed completion of required information and customer identification documents before account opening, and the activation of an effective compliance officer function through qualification, training, appropriate regulatory authorities, awareness of suspicious transaction reporting mechanisms, and full access to relevant customer and transaction records. The FSA positioned the workshop as part of a broader series of AML/CFT programmes and workshops delivered with stakeholders and experts to support awareness-raising alongside its legislative, supervisory, inspection, and regulatory framework activities.

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