List in alphabetical order
https://scsanctions.un.org/consolidated
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BLOG POST
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The final report of the Panel of Experts (the Panel) on Somalia (S/2021/849)
- December 8, 2021
- Posted by: admin
- Category: BLOG POST
No CommentsThe 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
- September 19, 2021
- Posted by: admin
- Category: BLOG POST
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
- May 22, 2021
- Posted by: admin
- Category: BLOG POST
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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Prosecutors seconded to the FRC office to Support Serious financial crimes.
- April 13, 2021
- Posted by: admin
- Category: BLOG POST
On April 10, 2021, representatives from the Attorney General’s office visited the FRC office, upon arrival, the AG office team was received by the FRC team and were given a quick office tour to familiarize the FRC structure and brief each other department’s task assigned. The visiting members with FRC senior executives come together in the FRC meeting room where the business of the day began.
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IMF Staff Visit Financial Sector Developments and Reforms (CBS and FRC)
- April 10, 2021
- Posted by: admin
- Category: BLOG POST
On April 07, 2021, IMF Staff visits virtual meeting regarding Somalia Financial Development and Reforms was held via zoom. The meeting was attended Central Bank of Somalia (CBS) and the Financial Reporting Centre (FRC) to share with IMF reform progress made during the period from the last IMF staff visit as part of reform benchmarks to achieve full Somalia debt relief.
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Guidance for applying a Risk-Based Approach to AML/CFT Supervision
- March 5, 2021
- Posted by: admin
- Category: BLOG POST
4 March 2021 – Supervisors play a crucial role in preventing money laundering and terrorist financing. They ensure banks, other financial institutions, virtual asset service providers, accountants, real estate agents, dealers in precious metals and stones, and other designated non-financial business and professions, understand the risks facing their business and how to mitigate them.
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Outcomes FATF Plenary, 22, 24 and 25 February 2021
- March 5, 2021
- Posted by: admin
- Category: BLOG POST
Delegates representing the 205 members of the Global Network and observer organisations, such as the IMF, the United Nations and the World Bank, worked through a full agenda to strengthen global safeguards to detect, prevent and disrupt the financial flows that fuel crime and terrorism.
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FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems
- February 28, 2021
- Posted by: admin
- Category: BLOG POST
As amended November 2020.The FATF conducts mutual evaluations of its members’ levels of implementation of the FATF Recommendations on an ongoing basis. These are peer reviews, where members from different countries assess another country. The FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems sets out the evaluation process.
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Somalia steps up war against human trafficking
- January 26, 2021
- Posted by: admin
- Category: BLOG POST
Somalia has stepped up operations to fight against human trafficking despite lack of law to combat against human trafficking.The Director General of Immigration and Naturalization department of Somalia Mohamed Aden Kofi said the agency had dismantled an organized human trafficking network in the country last year.
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Somalia Govt Clamping Down Alshabaab & IS Financiers- DPM Guled
- January 25, 2021
- Posted by: admin
- Category: BLOG POST
Somalia’s Deputy Prime Minister Mahdi Guled has said the government is making progress in halting money which is coming from other countries.