Featured Oman

Cayman Islands Removed From EU Tax Haven Blacklist

Despite its status as one of the world’s most secretive and low tax jurisdictions, the European Council announced on Tuesday that it has delisted the Cayman Islands from the EU’s list of non-cooperative jurisdictions for tax purposes – informally known as its tax haven blacklist. This decision added fuel to… Read More

U.S., Gulf Nations Sanction Iranian Financial Network in Joint Action

Saudi Arabia, Qatar and five other Gulf nations joined the U.S. in imposing sanctions on a financing network controlled by Iran’s military and several men linked to the Tehran-backed Lebanese group Hezbollah. Top U.S. Treasury Department officials said the action is the largest ever by the Riyadh-based Terrorist Financing… Read More

EU to keep U.S. islands on tax blacklist, drop UAE, Switzerland

European Union finance ministers are set to remove the United Arab Emirates (UAE) and Switzerland next week from the bloc’s lists of countries deemed to be acting as tax havens, an EU document said. They will however continue to blacklist three U.S. territories. The 28-nation EU set up a blacklist… Read More
6th February 2017
A substantial number of compliance officers (about 44 per cent) lack confidence in the anti-money laundering (AML) programmes of their organisations, according to a new report. Read More
1st November 2016
Three foreign banks are opening up representative offices in Iran as the country seeks to boost investment after reaching an international sanctions deal last year, a central bank official said. Oman’s Bank Muscat SAOG, Woori Bank of South Korea and India’s UCO Bank Ltd. are all in the process of… Read More
11th August 2016
Oman’s authorities have carried out a string of journalist arrests in recent weeks signalling a growing crackdown on freedom of expression in the country, said Amnesty International. Three journalists from Azamn daily newspaper have been detained in connection with an article highlighting allegations of corruption in the Omani judiciary published… Read More