In combating fraud and financial crime from FIs operating in Somalia, FRC strengthens FIs staff's capacity by providing tailor-made training.
Today 8/04/2021, we have successfully concluded the four-day training provided to the front-line staff of two FIs operating in Somalia.
•Overview of FRC governance structure
•Overview of FRC workflow and main functionality: E.g. (FRC). As a central national, the agency responsible for:
•receive SRT/LCTR and Cross-border transactions from F.I.s and non-financial institutions, including DNFBP. pic.twitter.com/eaCgEDNJO2
On the 16th of March, 2021, FRC started a four-week series of training for the two of the Somalia operating Financial Institutions.
The first session covered includes:
•Overview of AML/CFT Act
•Overview of FRC compliance regulation