SOMALIA 
ENGLISH
Resources
FATF Recommendations 2012 updated 2019
AML-TF Measures are financial inclusion updated 2017
Emerging-Terrorist-Financing-Risks
Guidance-PEP-Rec
Consolidated-FATF-Standards-information-sharing
FATF Methodology 22 Feb 2013
Guidance-Correspondent-Banking-Services
National_ML_TF_Risk_Assessment
Financing-Recruitment-for-Terrorism
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. ➡️ frc.gov.so/prosecutors-se… #MENAFATF #AML/#CFT #Somaliafrc pic.twitter.com/0tBaO5xt1v
The training centered on the following main important areas: AML/CFT Act 2016, AML/CFT regulation, KYC/CDD, STR/LCTR, and ML/TF indicators. #MENAFATF #AML/#CFT #Somaliafrc pic.twitter.com/C2HgrWlUZq
In combating fraud and financial crime from FIs operating in Somalia, FRC strengthens FIs staff's capacity by providing tailor-made training. Today 8/04/2021, we have successfully concluded the four-day training provided to the front-line staff of two FIs operating in Somalia.
•Overview of FRC governance structure •Overview of FRC workflow and main functionality: E.g. (FRC). As a central national, the agency responsible for: •receive SRT/LCTR and Cross-border transactions from F.I.s and non-financial institutions, including DNFBP. pic.twitter.com/eaCgEDNJO2
On the 16th of March, 2021, FRC started a four-week series of training for the two of the Somalia operating Financial Institutions. The first session covered includes: •Overview of AML/CFT Act •Overview of FRC compliance regulation