Identifier
Created
Classification
Origin
08MUSCAT150
2008-02-20 10:20:00
CONFIDENTIAL
Embassy Muscat
Cable title:
UN SPONSORS AML/CTF WORKSHOP IN MUSCAT
how-toVZCZCXYZ0007 RR RUEHWEB DE RUEHMS #0150 0511020 ZNY CCCCC ZZH R 201020Z FEB 08 FM AMEMBASSY MUSCAT TO RUEHC/SECSTATE WASHDC 9286 INFO RUEATRS/DEPT OF TREASURY WASHDC
C O N F I D E N T I A L MUSCAT 000150
SIPDIS
SIPDIS
STATE FOR NEA/ARP
TREASURY FOR OTA VALVO
E.O. 12958: DECL: 02/19/2018
TAGS: ECON EFIN PTER MU
SUBJECT: UN SPONSORS AML/CTF WORKSHOP IN MUSCAT
Classified By: DCM Alfred F. Fonteneau for Reasons 1.4 (b,d)
C O N F I D E N T I A L MUSCAT 000150
SIPDIS
SIPDIS
STATE FOR NEA/ARP
TREASURY FOR OTA VALVO
E.O. 12958: DECL: 02/19/2018
TAGS: ECON EFIN PTER MU
SUBJECT: UN SPONSORS AML/CTF WORKSHOP IN MUSCAT
Classified By: DCM Alfred F. Fonteneau for Reasons 1.4 (b,d)
1. (SBU) On February 19, Econoff discussed a recent two-day
seminar on anti-money laundering (AML) and counter-terrorism
financing (CTF) with Mahran Yarub al-Barwani, Director of
Anti Money Laundering, Central Bank of Oman. Barwani noted
that the event, sponsored by the Omani National Committee for
Combating Money Laundering ("National Committee") and the
United Nations Office on Drugs and Crime, attracted 30
participants from the Central Bank; Ministries of National
Economy, Commerce and Industry, Justice, and Housing; Royal
Oman Police; and Capital Market Authority. The workshop
addressed the legal challenges facing regulators in detecting
and investigating incidences of money laundering, in advance
of promulgation of Oman's new "Law on Anti-Money Laundering."
Barwani noted that in the wake of rapidly rising housing
prices in Oman, the CBO is working with the Housing Ministry
to take a closer look at real estate transactions.
2. (C) The workshop is part of a series of training programs
under the Omani Program for Anti-Money Laundering (OPFAM).
The government launched OPFAM in August 2006 to promote
greater cohesion among Omani policy makers regulators, law
enforcement agencies, and financial institutions. Originally
under the auspices of the CBO, ownership for the program has
now shifted to the National Committee. OPFAM sponsored two
programs early in 2007 for financial system authorities in
advance of an eventual FATF evaluation. It then went dormant
until now, a result of National Committee dissatisfaction
with ExlSpaceStrategy, the original OPFAM contractor. One
CBO official told Econoff that after running into "ethical
concerns" with the two Indian owners of ExlSpaceStrategy (one
of whom was a former CBO employee),the committee decided to
reach out to multiple providers for program content.
GRAPPO
SIPDIS
SIPDIS
STATE FOR NEA/ARP
TREASURY FOR OTA VALVO
E.O. 12958: DECL: 02/19/2018
TAGS: ECON EFIN PTER MU
SUBJECT: UN SPONSORS AML/CTF WORKSHOP IN MUSCAT
Classified By: DCM Alfred F. Fonteneau for Reasons 1.4 (b,d)
1. (SBU) On February 19, Econoff discussed a recent two-day
seminar on anti-money laundering (AML) and counter-terrorism
financing (CTF) with Mahran Yarub al-Barwani, Director of
Anti Money Laundering, Central Bank of Oman. Barwani noted
that the event, sponsored by the Omani National Committee for
Combating Money Laundering ("National Committee") and the
United Nations Office on Drugs and Crime, attracted 30
participants from the Central Bank; Ministries of National
Economy, Commerce and Industry, Justice, and Housing; Royal
Oman Police; and Capital Market Authority. The workshop
addressed the legal challenges facing regulators in detecting
and investigating incidences of money laundering, in advance
of promulgation of Oman's new "Law on Anti-Money Laundering."
Barwani noted that in the wake of rapidly rising housing
prices in Oman, the CBO is working with the Housing Ministry
to take a closer look at real estate transactions.
2. (C) The workshop is part of a series of training programs
under the Omani Program for Anti-Money Laundering (OPFAM).
The government launched OPFAM in August 2006 to promote
greater cohesion among Omani policy makers regulators, law
enforcement agencies, and financial institutions. Originally
under the auspices of the CBO, ownership for the program has
now shifted to the National Committee. OPFAM sponsored two
programs early in 2007 for financial system authorities in
advance of an eventual FATF evaluation. It then went dormant
until now, a result of National Committee dissatisfaction
with ExlSpaceStrategy, the original OPFAM contractor. One
CBO official told Econoff that after running into "ethical
concerns" with the two Indian owners of ExlSpaceStrategy (one
of whom was a former CBO employee),the committee decided to
reach out to multiple providers for program content.
GRAPPO