NAMLC’s second meeting: Preparation of upcoming Mutual Evaluation

NAMLC’s second meeting: Preparation of upcoming Mutual Evaluation

The second National Anti-Money Laundering Committee meeting took place in Villa Somalia with the presence of 6 NAMLC members except for the Minister of Internal Security.
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NAMLC MEETING with CEOs of Banks, Remittances and Mobile Money Businesses

NAMLC MEETING with CEOs of Banks, Remittances and Mobile Money Businesses

FGS Combating Terrorist Financing: The Somali National Anti-Money laundering Committee (NAMLC) MEETING with CEOs of Banks, Remittances, and Mobile Money Businesses
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The Somali National Anti-Money laundering Committee (NAMLC) MEETING

The Somali National Anti-Money laundering Committee (NAMLC) MEETING

A high-level political commitment was made the by the country’s highest office regarding Combating TF/ML
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FRC Somalia Concluded its first engagement with the financial institutions on goAML

FRC Somalia Concluded its first engagement with the financial institutions on goAML

Somali Financial Reporting Center (FRC) concluded the first training on the goAML Software for Somali banks and Money Transfer Businesses (MTBs) in September and October 2022.
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National Risk Assessment “NRA” Report 2022

National Risk Assessment “NRA” Report 2022

The Federal Government of Somalia Has Conducted and published its first National Risk assessment (NRA). The NRA will assist Somalia to understand ML/TF risks according to FATF R. 1.
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The final report of the Panel of Experts (the Panel) on Somalia (S/2021/849)

The final report of the Panel of Experts (the Panel) on Somalia (S/2021/849)

The final report of the Panel of Experts (the Panel) on Somalia (S/2021/849)
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Bushra Bank, CEO, Mr. Suleiman Abdella has paid visit to FRC

Bushra Bank, CEO, Mr. Suleiman Abdella has paid visit to FRC

Bushra Bank, CEO, Mr. Suleiman Abdella has paid a visit to the FRC compound and received a briefing from FRC on ongoing activities and programs.
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Somalia Financial Reporting Center (FRC) has signed MOU with United Arab Emirates – FIU

Somalia Financial Reporting Center (FRC) has signed MOU with United Arab Emirates – FIU

On 20th of May 2021, the Directors of Somalia FRC and UAE – FIU held a signing ceremony for Memorandum of Understanding (MoU) between Somalia Financial Reporting Center (FRC) and the United Arab Emirates Financial Intelligence Unit (UAE-FIU)  via Zoom.
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MENAFATF 28th PLENARY MEETING
  • November 24, 2018
  • Beirut, Lebanese Republic
MUTUAL EVALUATION WORKSHOP
  • September 22, 2019
  • KUWAIT
goAML TRAINING FOR REPORTING ENTITIES
  • September 1, 2022
  • FRC- MAIN HALL

Yesterday, On 14th Jan 2023, NAMLC held their second official monthly meeting which was discussed: 1) Preparation for the upcoming Mutual Evaluation. 2) Accelerating of ongoing ML/TF operations. 3) Strengthening International Relations. 4. National Risk Assessment Action Plan. pic.twitter.com/7pYuWTtAix

Financial Reporting Center (FRC)