In accordance with Article 23 (1) of AML/CFT Act, 2016, the reporting entities defined in Article 4 (1), (Financial Institutions, such as Banks and Money Transfer Businesses (Hawaalas)) should file a nil report to the Financial Reporting Center (FRC) to meet the reporting obligations under Article 14 of AML/CFT Act, 2016. The table below illustrates the reported NRs 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