About Oasis Capital
Oasis Capital B.S.C.(c) is licensed as an Investment Business Firm (Category-1) by the Central Bank of Bahrain. The Company is committed to comply with industry best practices in Compliance and Anti-Money Laundering.
Compliance function is critical and is independent from business activities. The Company has established a dedicated compliance function that identifies, assesses, advises on, monitors and reports on Company’s compliance risk.
The Company recognises Money Laundering and Terrorist Financing as a significant risk to the financial sector and has taken comprehensive measures to ensure that the Company does not provide financial services to prohibited individuals & entities listed by United Nations, OFAC and other competent authorities.
The Anti-Money Laundering policies & procedures of the Company are based on the Central Bank of Bahrain’s Anti-Money Laundering Regulation, compliant with the forty recommendations plus nine special recommendations issued by the Financial Action Task Force (FATF), which are international standards, for effective anti-money laundering regimes. Bahrain’s membership to FATF is through GCC & MENAFATF.
The AML statement summarises the AML policies & procedures of the Company, which have been approved by the Board of Directors.