THE FEDERAL REPUBLIC OF SOMALIA ATTENDED MENAFATF 29TH PLENARY MEETING 20-25 APRIL 2019-AMMAN, JORDON
- June 20, 2019
- Posted by: admin
- Category: Press Release
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. The meeting was opened by the president of MENAFATF, Dr. Subhi Musbah Zeed, and Dr. Alwaleed Bin Khalid Al Sheikh, the Executive Secretary of MENAFATF. It was attended by a large number of experts in the field of combating money laundering and the financing of terrorism from member states and associated Observers. The main aim of the meeting was to consolidate regional and international efforts to combat money laundering and related predicate offences and financing of terrorism in order to protect economic and security systems from the threats of such crimes.
The FRC accompanied by technical advisers from the International Development Law Organization (IDLO) is proud to represent the Federal Republic of Somalia which gained the membership of MENFATF in June 2018.
As the focal point of the Federal Republic of Somalia to the MENAFATF, the FRC and the MENAFATF Secretariat agreed to postpone the date for Somalia’s Mutual Evaluation Assessment to the next plenary meeting scheduled in November 2019. Nevertheless