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 Financial Reporting Center is committed to educate and raise awareness in all public and private Institutions to mitigate Money Laundering and Terrorist Financing in Somalia.