The National Anti-Money Laundering Committee

The National Anti-Money Laundering Committee (NAMLC)

Vision

To build, sustain and co-ordinate an effective, responsive, and adaptive AML/CFT framework consistent with international standards.

Mission

The establishment of the comprehensive AML/CFT framework shall be through the engagement of human and technical resources..

Objective

Co-operation, Coordination, and Information Exchange between members. Promote prevention mechanisms for combatting ML/TF in all Somalia.

FROM CHAIRMAN

Minister of Finance

National Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Committee NAMLC is a multi-institutional committee tasked by the 2016 Anti-Money Laundering and Countering the Financing of Terrorism Act (AML/CFT) to provide policy guidance and set the strategies of Somalia’s AML/CFT regime. For the first time in Somalia, this law criminalizes money laundering (ML) and the financing of terrorism (FT).