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.

On April 10, 2021, representatives from the Attorney General’s office visited the FRC office, upon arrival, the AG office team was received by the FRC team. See more info. ➡️… #MENAFATF #AML/#CFT #Somaliafrc