FRC

The members of NAMLC held their quarterly meeting on 11th May 2021 at the ministry of Finance in Mogadishu.

HIGH-LEVEL CONSULTATION ON SOMALIA NATIONAL RISK ASSESSMENT REPORT 23 JANUARY 2021.

THE FINANCIAL REPORTING CENTER ATTENDED THE 31st PLENARY OF THE MIDDLE EAST AND NORTH AFRICA FINANCIAL ACTION TASK FORCE (MENAFATF) BETWEEN 17-19 NOVEMBER.

HIGH-LEVEL MEETING BETWEEN THE SOMALI FINANCIAL REPORTING CENTER AND THE SOMALI FINANCIAL INSTITUTION’S CEOs AND CCOs ON NOVEMBER 16 & 17. 2020.

The Financial Reporting Center (FRC) participated in the 30th Plenary Meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF) on Anti- Money Laundering and Combatting Terrorism Financing which was held in Cairo, Egypt.

There is a good understanding in Somalia that the most significant problems that destabilize security and development in a country are terrorist financing, criminal enterprises, corruption, fraud, and abuse of financial system.

The members of NAMLC met on 22nd June 2019 at the Ministry of Finance in Mogadishu. NAMLC has the oversight responsibility of the AML/CFT regime in Somalia.

The Financial Reporting Center (FRC) participated in the 29th Plenary Meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF) on Anti- Money Laundering and Combatting Terrorism Financing which was held in Amman, Jordan.

24 – 28 November 2018 – Beirut, Lebanon.The 28th Plenary Meeting of the Middle East and North Africa Financial ActionTask Force (MENAFATF) on Combating Money Laundering and Financing of terrorism.

NAMLC Members met on 27th October at the Ministry of Finance in Mogadishu. The meeting was chaired by the Minister of Finance and the secretariat was the Financial Reporting Center (FRC) Director.