The National Anti-Money Laundering and Counter Financing Terrorism Committee (NAMLC)

The National Anti-Money Laundering and Counter Financing Terrorism
Committee (NAMLC) Meeting 30. Nov,2024.

The National Anti-Money Laundering and Counter Financing Terrorism
Committee (NAMLC) met on November 30, 2024. During the meeting, the
Committee discussed various topics, including the MENAFATF Mutual
Evaluation Process, the ongoing Financial Disruption Program, and related
activities.

Mrs. Amina Ali, Director of the Financial Reporting Center (FRC), provided an
update on the NAMLC’s efforts to complete the mutual evaluation and
reviewed the MENAFATF 39th Plenary meeting held in Riyadh, Saudi Arabia.
MENAFATF offered the Somali delegation guidance on completing the mutual
evaluation, emphasizing the importance of the onsite visit.

The NAMLC highlighted the need to intensify efforts in financial disruption to
combat terrorist activities effectively. Mr. Bihi Iman, Chairperson of
MENAFATF, stressed the significant role the Financial Disruption Strategy
plays in mitigating terrorism-related risks. He noted that enhancing these
efforts is crucial for bringing peace, security, and stability to the country.

The committee’s discussions underscored the importance of adopting a robust
and proactive approach to financial disruption, with the aim of strengthening
the nations combat against financial crimes and terrorist financing.

The National Anti-Money Laundering and Counter Financing Terrorism
Committee (NAMLC) reasserted its commitment to completing the mutual
evaluation and stressed its significance. The committee urged all involved
agencies to increase their efforts to ensure positive outcomes in the future.