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.