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.

The forum discussion's main agenda included: how financial institutions can develop an effective #AML/#CFT compliance program. Protecting financial institutions against AML/CFT and the global AML/CFT case studies and lessons learned from the cases. #Somalia #Mogadishu