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
The forum discussions' main agenda was Protecting the Somali FIs against ML/TF, The Regulatory Issue, filing an excellent Suspicious Transaction Report (STR), and the update for the Somali National Risk Assessment Report. #MENAFATF #AML/#CFT #Somaliafrc pic.twitter.com/Gs7I5WolhC