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

The Somali Financial Reporting Center (FRC) signed a Memorandum of Understanding (MOU) with the National Center for Financial Information (NCFI) of Oman, which is a significant step in enhancing international cooperation in the fields of anti-money laundering (AML) and combating the financing of terrorism (CFT). Such agreements facilitate the exchange of critical information related to financial crimes, ensuring the integrity and security of both countries’ financial systems.

The Financial Reporting Center had a fruitful meeting with mobile money service providers. The purpose of the engagement was to foster collaboration between mobile money service providers and FRC to ensure compliance with #AML/#CFT Act, and Reporting obligations. pic.twitter.com/Q10N1qWKef