Mala’a and the National Center for Financial Information Sign a Cooperation Program

Oman Credit & Financial Information Centre (Mala’a) and the National Center for Financial Information signed a cooperation program to collaborate on significant aspects of Anti-Money Laundering and Combating Financing of Terrorism (AML-CFT) laws on Tuesday, March 8th, 2022, at a formal event held at NCFI headquarter.

The Program was signed by Mr. Bassam Al Jamali, General Manager, Oman Credit & Financial Information Centre (Mala’a), and Lt. Col. Abdulrahman Amer Al Kiyumi, Executive President, National Center for Financial Information (NCFI).

The cooperation arrangement aims to enhance collaboration between the two entities on matters related to sharing of AML-CFT information and ensuring effective implementation of AML-CFT laws in the Sultanate.

Mala’a, under the supervision of Central Bank of Oman, represents a National Data Bank for credit and financial information. The center provides Credit Reports and the Mala’a Credit Score for individuals and corporates. The membership of the center spans across the banking and financial sectors, with the addition of the SME Funds recently. The center aims to add new sectors under its membership in the upcoming phase such as Telecom and Insurance. The center also aims to grow its connections with several data providers from the government sector.