Physical Cash – Somalia Financial Reporting Center

In accordance with Article 21 (9), Article 14 and Article 18 of AML/CFT Act, 2016, All Financial Institutions are required to seek prior approval to bring physical cash in or take out of the Federal Republic of Somalia.

The Financial Institutions are required to send their request 48 hours before the intended date of travel by providing the necessary information in the below form. Once the form is completed and submitted, the Financial Institutions can collect 24 hours later the approval letter from the FRC.

Inflow
Outflow

Inflow

Physical Cash Transportation

Name of Institution^*

Type of Institution^*

Bank

MTB

Email^*

Phone No^*

Amount of Cash^*

Currency^*

Courier's Name^*

Passport No.^*

Courier's Passport^*

Source^*

Flight No.^*

Flight Date^*

Purpose^*

Supporting Documents

Verification

Please enter 2 digits^*

Outflow

Physical Cash Transportation

Name of Institution^*

Type of Institution^*

Bank

MTB

Email^*

Phone No^*

Amount of Cash^*

Currency^*

Courier's Name^*

Passport No.^*

Courier's Passport^*

Destination^*

Flight No.^*

Flight Date^*

Purpose^*

Supporting Documents

Verification

Please enter 2 digits^*

FRC Annual Report 2022

Physical Cash Transp..

The Financial Reporting Center had a fruitful meeting with mobile money service providers. The purpose of the engagement was to foster collaboration between mobile money service providers and FRC to ensure compliance with #AML/#CFT Act, and Reporting obligations. pic.twitter.com/Q10N1qWKef

4:05 pm · June 7, 2023

Somalia FRC

@somaliafrc

and those who fail to comply with the law will face consequences. The members and institutions involved in these matters should work together closely and avoid any actions that could create a gap between them. 3/3

9:33 am · May 9, 2023

Somalia FRC

@somaliafrc

They convened to discuss ways to accelerate NAMLC’s activities and implement the decisions and warnings they issued earlier on February 14, 2023. During the meeting, it was agreed that strict adherence to the Committee's decisions is necessary, 2/3

9:33 am · May 9, 2023

Somalia FRC

@somaliafrc

On May 7th, 2023, an important NAMLC meeting was held in Villa Somalia, attended by the President of the Federal government of Somalia H.E Hassan Sheikh Mohamoud and the Prime Minister of Federal government of Somalia H.E Hamza Abdi Barre. 1/3 pic.twitter.com/stgGEnqtwZ

9:33 am · May 9, 2023

Somalia FRC

@somaliafrc

3/3 The verification badge helps establish trust with our readers by assuring them that the information they're accessing is credible and comes from a legitimate and verified institution.

8:54 am · May 6, 2023