List of Financial Sanction Targets

List of Financial Sanction Targets

The National Anti-Money Laundering & Terrorist Financing Committee of NAMLC, in strict adherence to the provisions of Article 6 of the Targeted Financial...
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FRC signed a Memorandum of Understanding (MOU) with the National Center for Financial Information (NCFI) of Oman

FRC signed a Memorandum of Understanding (MOU) with the National Center for Financial Information (NCFI) of Oman

The Somali Financial Reporting Center (FRC) signed a Memorandum of Understanding (MOU) with the National Center for Financial Information (NCFI) of Oman..
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The Financial Reporting Center had a productive meeting with Ziraat Bank to discuss anti-money laundering (AML) and countering the financing of terrorism (CFT) compliance.

The Financial Reporting Center had a productive meeting with Ziraat Bank to discuss anti-money laundering (AML) and countering the financing of terrorism (CFT) compliance.

The Financial Reporting Center had a productive meeting with Ziraat Bank to discuss anti-money laundering (AML) and countering the financing of terrorism (CFT) compliance.
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Productive discussion with the Chief of Cabinet, and the advisor for OPM Cabinet Affairs, regarding the smooth progress of the country’s preparations for the MENATAF Mutual Evaluation.

Productive discussion with the Chief of Cabinet, and the advisor for OPM Cabinet Affairs, regarding the smooth progress of the country’s preparations for the MENATAF Mutual Evaluation.

The Office of the Prime Minister (OPM) and the Financial Reporting Center (FRC) have agreed to cooperate closely and regularly update the preparation progress for the mutual evaluation.
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High-level consultation meeting for financial institutions on the preparation of  Mutual Evaluation 2024.

High-level consultation meeting for financial institutions on the preparation of Mutual Evaluation 2024.

The Financial Reporting Center (FRC) held a high-level consultation meeting for financial institutions on the preparation of the Middle East and North Africa Financial Action Task Force (MENAFATF Mutual Evaluation 2024.
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The Ministry of Finance held a meeting with members of the National Anti-Money Laundering & Terrorist Financing Committee (NAMLC).

The Ministry of Finance held a meeting with members of the National Anti-Money Laundering & Terrorist Financing Committee (NAMLC).

The main topics discussed were the strengthening of measures to combat terrorist financing, the evaluation process in Somalia (MENAFATF Mutual Evaluation 2024),
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FRC held the third quarterly meeting of the National compliance forum

FRC held the third quarterly meeting of the National compliance forum

FRC held the third national compliance forum, and we are pleased to convene the National Compliance Forum, which discussed in rigorous on crucial aspects of the FIs properness of the country mutual evaluation.
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The Minister of Finance and Chairman of the  National Anti-money Laundering Committee (NAMLC)  chaired monthly NAMLC meetings

The Minister of Finance and Chairman of the National Anti-money Laundering Committee (NAMLC) chaired monthly NAMLC meetings

The meeting focused on enforcing the transaction limitations imposed by the committee in its previous meeting on the mobile money sector, updates on the mutual evaluation and progress made on the rollout of the national identification, and the expected number of IDs to be printed this year by NIRA.
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Financial Reporting Center (FRC)