Fight against money laundering must continue, Somali official says

Somali central bank aims to enhance transparency over financial flows, says deputy governor

Ali Yassin Sheik
Ali Yassin Sheik

The deputy governor of the Central Bank of Somalia has reiterated its commitment to fighting financial crime, saying it would continue implementing anti-money laundering and countering the financing of terrorism (AML/CFT) regulations.

Speaking at the Central Banking Spring Meetings in South Africa, Ali Yassin Sheikh highlighted recent efforts by the central bank to use new ways to counter financial crime and encourage financial inclusion. 

In 2023, the central bank implemented Somali Quick

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