Muscat : The Financial Services Authority (FSA) has announced the withdrawal of CFI Financial LLC’s license to operate in the capital market sector and has removed the company from the register of entities authorized to engage in such activities.
According to the Authority, the decision was taken after the company failed to comply with Article (34/A) of the Anti-Money Laundering and Combating the Financing of Terrorism Law. Investigations also found that CFI Financial had exceeded the scope of its license by marketing non-Omani securities without obtaining the necessary authorization, a violation of Article (139) of the Executive Regulations of the Capital Market Law, in conjunction with Article (3) of the Securities Law.
The FSA emphasized that the move underlines its commitment to safeguarding the integrity and fairness of Oman’s financial markets. It added that the decision ensures licensed institutions adhere strictly to legal and regulatory requirements, thereby protecting investors and the wider public interest.
The Authority confirmed that the decision came into effect on 25 Rabi’ Al Awwal 1447 AH, corresponding to September 18, 2025.
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