In accordance with Article 14 of AML/CFT Act, 2016, the reporting entities defined in Article 4 (1), (Financial Institutions, such as Banks and Money Transfer Businesses (Hawaalas)) should report large cash transaction report to the Financial Reporting Center (FRC). The table below illustrates the reported LCTRs during the stated reporting period.

Yesterday, On 14th Jan 2023, NAMLC held their second official monthly meeting which was discussed: 1) Preparation for the upcoming Mutual Evaluation. 2) Accelerating of ongoing ML/TF operations. 3) Strengthening International Relations. 4. National Risk Assessment Action Plan. pic.twitter.com/7pYuWTtAix