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The National Anti-Money Laundering & Terrorist Financing Committee of NAMLC, in strict adherence to the provisions of Article 6 of the Targeted Financial…

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

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 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.

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.

The main topics discussed were the strengthening of measures to combat terrorist financing, the evaluation process in Somalia (MENAFATF Mutual Evaluation 2024),

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.

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.

The purpose of the meeting was to highlight the issues of imminent mutual evaluation in Somalia.