Press Release

The members of NAMLC met on 22nd June 2019 at the Ministry of Finance in Mogadishu. NAMLC has the oversight responsibility of the AML/CFT regime in Somalia.

The Financial Reporting Center (FRC) participated in the 29th Plenary Meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF) on Anti- Money Laundering and Combatting Terrorism Financing which was held in Amman, Jordan.

24 – 28 November 2018 – Beirut, Lebanon.The 28th Plenary Meeting of the Middle East and North Africa Financial ActionTask Force (MENAFATF) on Combating Money Laundering and Financing of terrorism.

NAMLC Members met on 27th October at the Ministry of Finance in Mogadishu. The meeting was chaired by the Minister of Finance and the secretariat was the Financial Reporting Center (FRC) Director.

The Middle East and Africa Joint Typologies and Capacity Building Workshop 22-25 January 2018, Rabat, Kingdom of Morocco

The first-ever meeting called by the FRC and the Federal Government of Somalia was held in Mogadishu between April 18-19 to present FRC’s compliance and supervisory regime…

More than 40% of Somali people depend solely on remittance from their loved ones outside of the country–particularly in the US and Europe– in order to provide the basic needs for their families who don’t have any other source of income other than …