Domestic Cooperation’s

The implementations of AML/CFT regime is coordinated by National Anti-Money Laundering and Countering financing of Terrorism Committee (NAMLC). 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.

There are two levels of coordination:

NAMLC – High Level Task Force – Operational Level
Formulates policy, provides advisory role and set out strategic direction of Somalia AML/CFT Regime.

This level comprises of the Heads of Ministries and Agencies

Task Force is a subcommittee for operational level where it involves coordination at working level to address operational issues pertaining to implementation and effectiveness of initiatives approved by NAMLC – High Level Committee.

International Cooperation’s

At the international level, Somalia participates in various regional and international initiatives in its global fight against money laundering and terrorism financing.

Somalia is a member of Middle East and North Africa Financial Action Task Force (MENAFATF) which provides Somalia with platform to cooperate in various AML/CFT issues including in the areas of training and sharing of information.

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