Oman CBO Framework

What is the Oman CBO Framework?

The Oman CBO Framework refers to the compliance, governance, and supervisory standards issued by the Central Bank of Oman (CBO). It applies to banks, finance and leasing companies, money exchangers, and other regulated entities in Oman.

The framework sets requirements around corporate governance, risk management, prudential rules, anti-money laundering (AML), consumer protection, and digital transformation.

Why the Oman CBO Framework Matters

The CBO Framework is important because it:

  • Ensures financial stability across Oman’s banking and financial system

  • Protects consumers with clear disclosure and fair treatment requirements

  • Supports AML/CFT compliance in line with international standards

  • Promotes strong governance through board and management accountability

  • Encourages digital banking and fintech innovation under regulatory oversight

Key Components of the Oman CBO Framework

  1. Corporate Governance Standards – Board structure, internal controls, and risk committees

  2. Prudential Rules – Capital adequacy, solvency, and liquidity requirements

  3. AML & CFT Regulations – Customer due diligence, monitoring, and suspicious transaction reporting

  4. Consumer Protection Guidelines – Transparent fees, disclosure obligations, and complaint handling

  5. Risk Management Standards – Enterprise risk management, stress testing, and operational resilience

  6. Fintech & Digital Banking Guidance – Licensing and oversight for fintech providers and digital banks

Example in Practice

A commercial bank in Oman must comply with the CBO Framework by:

  • Maintaining minimum capital adequacy ratios under Basel III

  • Establishing a board-level risk committee and appointing a compliance officer

  • Implementing strong AML programs and reporting STRs to authorities

  • Providing customers with clear loan and fee disclosures

Oman CBO Framework vs. CBB Rulebook

  • CBO Framework (Oman) – Broad governance and compliance standards for banks and financial firms.

  • CBB Rulebook (Bahrain) – Structured into multiple volumes covering different financial sectors.

How VComply Can Help

VComply helps financial institutions comply with the Oman CBO Framework by:

  • Automating governance and compliance tracking for CBO standards

  • Centralizing board policies, risk assessments, and compliance evidence

  • Mapping CBO requirements to internal controls and business processes

  • Monitoring AML and consumer protection obligations in real time

  • Preparing audit-ready reports for CBO inspections

With VComply, banks and financial institutions in Oman can simplify compliance, enhance governance, and reduce regulatory risks.