MUSCAT – Oman’s Financial Services Authority (FSA) has withdrawn the license of CFI Financial LLC, preventing the company from operating in the capital market sector, citing breaches of anti-money laundering rules and violations of the country’s securities regulations.
The decision, effective from September 18, 2025, also removes CFI Financial from the official register of firms authorised to operate in Oman’s capital market, the regulator said in a statement.
According to the FSA, the company failed to comply with Article 34(A) of the Anti-Money Laundering and Combating the Financing of Terrorism Law. In addition, the firm marketed non-Omani securities without obtaining prior approval, an activity that exceeded the scope of its license and constituted a breach of Article 139 of the Capital Market Law’s executive regulations as well as Article 3 of the Securities Law.
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“The Authority affirmed that this decision reflects its commitment to protecting the integrity and fairness of the financial markets, ensuring that all licensed institutions operating in the capital market comply with the applicable legal and regulatory standards,” the statement said.
The regulator noted that the enforcement action was necessary to safeguard the public interest and prevent potential risks linked to unlicensed activities in Oman’s securities market.
CFI Financial, part of a regional brokerage group, had been licensed to operate in Oman’s capital market sector but is now barred from conducting any such business within the Sultanate. The company has not yet issued a public response to the decision.
