Regular Civil Service and Advisory Positions: Chief Financial Intelligancy Analyst

Minister of Finance Federal Government of Somalia

Wasaaradda Maaliyadda, Dolowdda Federa lka Soomaaliy a

The Somalia Anti-Money Laundering and Countering the Financing of Terrorism Act, 2016 (the ‘Act’) established the Financial Reporting Centre (FRC) to operate as a national central agency that is responsible for the receipt, analysis and appropriate dissemination of all information relating to money-laundering (ML) and terrorism
financing (TF). Article 20 (9) of the Act empowers the FRC to issue relevant regulations to reporting entities in order to ensure they have effective policies and procedures in place to stop them being used as vehicles to launder money or finance terrorism. The Act also empowers the FRC to store, analyze (Article 21 (4); pathways to disseminating that information (Article 21(5); and enforcement regime (Part VI of the Act).
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