Oman Seeks to Avoid Financial Gray List, With Iran Ties in Focus
- Iranian, Russian money to be in focus for Oman’s FATF review
- Gulf state well-positioned to avoid dirty money designation
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Oman, a Gulf state known for its neutrality and close ties to both the US and Iran, is gearing up for a key review from a global watchdog on dirty money — hoping to avoid the fate of the neighboring United Arab Emirates.
A delegation from the Paris-based Financial Action Task Force is set to visit Muscat in late January, paving the way for a review later in 2024. After witnessing the UAE’s demotion to the so-called gray list in March 2022, Omani officials have been working to prevent a similar outcome.