Mogadishu, Somalia – In a decisive move to strengthen the fight against financial crimes, Somalia’s Financial Reporting Centre (FRC) launched an intensive five-day training program on Saturday for members of the National Anti-Money Laundering Committee (NAMLC) in Mogadishu. The program, running from July 12th to 16th, brings together more than 35 officers from key institutions engaged in Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).
The training initiative is designed to sharpen technical expertise and enhance the operational capacity of participating agencies, equipping them with critical tools to detect, investigate, and disrupt money laundering networks and terrorism financing channels.
The sessions focus on improving inter-agency coordination, understanding Somalia’s evolving legal and regulatory frameworks, and applying international best practices in financial intelligence and enforcement. Experts are also addressing practical challenges unique to Somalia’s context, including cash-based transactions, informal remittance systems, and cross-border financial flows.
Speaking at the launch, FRC officials emphasized the urgency of developing a united front across government and financial institutions to tackle the growing sophistication of financial crimes that threaten both national and regional stability.
This capacity-building program marks a key step in Somalia’s broader efforts to comply with global AML/CFT standards and strengthen institutional resilience amid mounting security and economic challenges.