Somaliland Central Bank Launches New Anti-Money Laundering System to Bolster Financial Security

[Deeq A.]

 

Hargeisa, Somaliland – The Governor of the Central Bank of the Republic of Somaliland, Mr. Abdinasir Ahmed Hirsi, today inaugurated a high-level awareness meeting on the nation’s Anti-Money Laundering (AML) framework and the associated financial crimes.

The meeting, organized by the Central Bank’s Financial Intelligence Unit (FIU), brought together key stakeholders including the Deputy Minister of Finance, the Vice Governor of the Central Bank, the Attorney General, and the Deputy Commander of the Immigration and Naturalization Department.

Participants received a comprehensive briefing on the new system for detecting and controlling money laundering. The discussions highlighted the critical role of this framework in safeguarding Somaliland’s financial stability and combating illicit financial flows.

Officials emphasized the system’s importance for protecting the integrity of the national financial system and enhancing fiscal transparency.

In his concluding remarks, Governor Hirsi reaffirmed the Central Bank’s commitment to continuing its public awareness programs focused on preventing money laundering and further strengthening the country’s financial infrastructure.

Source Somalilandcurrent

 

Qaran News