Targeted Financial Sanctions: A General Overview
Understanding Targeted Financial Sanctions (TFS)
Targeted financial sanctions (TFS) are a type of economic measure used to restrict the financial activities of specific individuals, entities, or organizations. These sanctions can be imposed by governments to achieve various goals, including counter-terrorism and national security objectives.
Relevant Laws and Regulations
- National Counter Terrorism Committee’s Decision No. 1/2022: This decision outlines the framework for implementing targeted financial sanctions in Oman.
- Law on Combating Money Laundering and Terrorism Financing No. 30/2016: This law provides the legal basis for combating money laundering and terrorism financing in Oman, including the implementation of TFS.
Seeking Specific Guidance
If you require specific guidance on how the Local List works in Oman or need detailed information about your situation, it is recommended to consult with a qualified lawyer or legal expert familiar with the relevant laws and regulations. They can provide accurate and tailored advice based on your unique circumstances.
Additional Support
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