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 suspicious transaction report to the Financial Reporting Center (FRC). The table below illustrates the reported STRs during the stated reporting period.

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