National Bank of Oman (NBO) recently conducted its latest series of sessions to raise awareness on security and anti-money laundering regulations. The Know your Customer and Anti Money Laundering workshops have become a key component in the bank's fight against fraud, educating corporate and government customers about topics such as identification requirements and their responsibilities under NBO's comprehensive transaction monitoring framework.
Hassan Abdul Amir Shaban, NBO's Chief Government and Alliance Officer, said, "At NBO we ensure we are always operating to the highest standards. To continuing to serve our customers as well as we possibly can, and in line with recent developments in the financial and regulatory environment, we invited them to learn about how we are keeping them safe and their responsibilities in adhering to current regulations. Meanwhile, we continue to act with transparency and in our customers' best interest, implementing the latest security methods, introducing new technologies, and supporting a secure, digital-based financial sector."
NBO's identity verification tools and transactional approvals operate within Oman's regulatory guidelines, while contributing to an intuitive, personalized service for its customers. Its commitment to the highest security standards is in line with the bank's drive to set the benchmark for best-in-class banking experiences, as it continues to help its clients maintain due diligence and keep up to date with the ever-evolving rules and regulations. In 2019, the bank also hosted the Anti Money Laundering Summit for the banking community, which included attendees from Central Bank of Oman, the Capital Market Authority, governmental authorities and NCFI.