They are required to immediately employ a compliance officer responsible for ensuring adherence to the Anti-Money Laundering and Counter-Terrorism Financing Law. The ministry aims to activate an oversight system to combat money laundering and terrorist financing, supervising institutions based on a risk-based approach. Abdul Hamid bin Mubarak al Shaidi, an anti-money laundering specialist at the ministry, emphasised the need for establishments in the sector to appoint an employee responsible for compliance monitoring. Efforts continue to raise awareness of the risks of money laundering to the national economy, with cooperation from relevant authorities. The National Committee for Combating Money Laundering and Terrorism Financing is responsible for developing and implementing a national strategy to combat these crimes, studying international treaties and making recommendations.