BLOG POST

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.

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.

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.

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.

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.

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.

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.

FGS Combating Terrorist Financing:
The Somali National Anti-Money laundering Committee (NAMLC) MEETING with CEOs of Banks, Remittances, and Mobile Money Businesses

A high-level political commitment was made the by the country’s highest office regarding Combating TF/ML