The Ministry of Finance held a meeting with members of the National Anti-Money Laundering & Terrorist Financing Committee (NAMLC).

On November 16, 2023, The Ministry of Finance held a meeting with members of the National Anti-Money Laundering & Terrorist Financing Committee (NAMLC).

The main topics discussed were the strengthening of measures to combat terrorist financing, the evaluation process in Somalia (MENAFATF Mutual Evaluation 2024), the implementation of the Mobile Money Limitation Procedure, and the enhancement of the suspicious transaction reports (STRs) sent by banks to the FRC Centre.

The Financial Reporting Center had a fruitful meeting with mobile money service providers. The purpose of the engagement was to foster collaboration between mobile money service providers and FRC to ensure compliance with #AML/#CFT Act, and Reporting obligations. pic.twitter.com/Q10N1qWKef