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Industry Consultations: Past and Upcoming Meetings

The Somali Financial Reporting Center (FRC) has been actively engaging with various stakeholders through industry consultations to strengthen the country’s financial sector.

Past Consultations

  • The FRC held a high-level consultation meeting for financial institutions on the preparation of the Middle East and North Africa Financial Action Task Force (MENAFATF) Mutual Evaluation 2024.
  • A productive discussion was held with the Chief of Cabinet, and the advisor for OPM Cabinet Affairs, regarding the smooth progress of the country’s preparations for the MENATAF Mutual Evaluation.
  • The FRC signed a Memorandum of Understanding (MOU) with the National Center for Financial Information (NCFI) of Oman to enhance cooperation in combating money laundering and terrorist financing.
  • A meeting was held between the Ministry of Finance and members of the National Anti-Money Laundering & Terrorist Financing Committee (NAMLC) to discuss measures to combat terrorist financing, mutual evaluation, and other important issues.

Upcoming Consultations

  • The FRC is set to hold a meeting with financial institutions on November 18, 2023, in Nairobi, Kenya, to prepare for the MENAFATF Mutual Evaluation Exercise.
  • A formal meeting of the NAMLC will be held on November 28, 2023, at the Ministry of Finance.
  • The FRC will also hold its ordinary monthly meeting on February 5, 2024, at the Ministry of Finance.

Announcements

The FRC has announced new procedures for the approval process of physical cash transports from and into the country. For more information, please visit our website.

Browse through our photo gallery to view images from past industry consultations and other events.

Contact Us

For more information or to get involved in upcoming consultations, please contact us at [insert contact information].

Latest News

  • FRC announces new procedures for physical cash transports
  • NAMLC holds monthly meeting to discuss important issues
  • MENAFATF 37th Plenary In Nouakchott, Islamic Republic of Mauritania

UN Sanction List

Stay up-to-date with the latest sanctions list from the United Nations. Visit our website for more information.

New Vacancy

The FRC is seeking qualified candidates to fill a new vacancy. For more information, please visit our website.