FSA Revokes CFI Financial License: What This Means for Investors and Businesses in Oman
Muscat: The Financial Services Authority (FSA) has officially revoked the license of CFI Financial LLC to operate within the capital market sector and has removed the company from the list of authorized entities.
This action follows the company’s non-compliance with Article (34/A) of the Anti-Money Laundering and Combating the Financing of Terrorism Law. Additionally, investigations revealed that CFI Financial unlawfully exceeded its licensing scope by marketing non-Omani securities without obtaining the required authorization. This breach violates Article (139) of the Executive Regulations of the Capital Market Law, in conjunction with Article (3) of the Securities Law.
The FSA stressed that this decisive measure highlights its dedication to maintaining the integrity and fairness of Oman’s financial markets. It ensures that all licensed institutions strictly follow legal and regulatory obligations, thereby protecting investors and promoting the public interest.
The revocation took effect on 25 Rabi’ Al Awwal 1447 AH, corresponding to September 18, 2025.
Special Analysis by Omanet | Navigate Oman’s Market
The Financial Services Authority’s withdrawal of CFI Financial LLC’s license highlights Oman’s stringent regulatory environment and its commitment to market integrity. Businesses in Oman must now prioritize compliance with anti-money laundering and capital market laws to avoid severe penalties. Smart investors and entrepreneurs should see this as a signal to carefully vet partners and ensure full regulatory adherence to mitigate risks and capitalize on a trustworthy market landscape.
