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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The President of the Federal Republic of Somalia, and the Prime Minister attended National Anti-Money Laundering Committee (NAMLAC) meeting.

The President of the Federal Republic of Somalia, and the Prime Minister attended National Anti-Money Laundering Committee (NAMLAC) meeting.

The purpose of the meeting was to highlight the issues of imminent mutual evaluation in Somalia.
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NAMLC’S follow up meeting: With Notaries & Lawyers Association

NAMLC’S follow up meeting: With Notaries & Lawyers Association

The meeting took place in the Ministry of Finance, Federal government of Somalia. Central on 01st March 2023 with the presence of all Committee members and head of Notaries and Lawyers.
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CBA, NCA and FRC follow up meeting: With Telecom Operators and Mobile Money  Service providers in Somalia

CBA, NCA and FRC follow up meeting: With Telecom Operators and Mobile Money Service providers in Somalia

The purpose of the meeting was to strength the relations and cooperation between government agencies and Telecommunication companies & Mobile money service providers operating in the country, Implementing decisions of the National Anti-money laundering committee and countering terrorist financing as a part of the financial disruption strategy.
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NAMLC’S follow up meeting: With Banks and Remittances

NAMLC’S follow up meeting: With Banks and Remittances

The meeting took place in the Ministry of Finance, Federal government of Somalia. Central on 26th February 2023 with the presence of all Committee members and head of Banks and Remittances.
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NAMLC’S fourth meeting:Implementation of the orders issued by the committee in their previous meeting

NAMLC’S fourth meeting:Implementation of the orders issued by the committee in their previous meeting

The main agenda of the meeting: Implementation of the orders issued by the Committee, FRC’s annual report, Targeted financial sanctions listing, reviewing the bylaws of the committee and Mutual evaluation Taskforce.
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NAMLC’S Third meeting: The Somali National Anti-Money laundering Committee (NAMLC)  measures to fight Money Laundering & Terrorist Financing

NAMLC’S Third meeting: The Somali National Anti-Money laundering Committee (NAMLC) measures to fight Money Laundering & Terrorist Financing

The main agenda of the meeting: approval of the previous meeting minutes, National Risk Assessment (NRA) Action Plan, Middle East and North Africa Financial Action Task Force (MENAFATF) budget and warnings to the reporting Entities.
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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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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

The Financial Reporting Center had a fruitful meeting with mobile money service providers. The purpose of the engagement was to foster collaboration between mobile money service providers and FRC to ensure compliance with #AML/#CFT Act, and Reporting obligations. pic.twitter.com/Q10N1qWKef

Financial Reporting Center (FRC)