Somali President Signs Anti-Money Laundering and Combatting the Financing of Terrorism Legislation

  I was pleased to see that on February 21, 2016, Somali President Hassan Mohamud signed the Anti-Money laundering and Combatting the Financing of Terrorism bill that the Somali Parliament passed in December 2015. This legislation was crafted with the helpful guidance and technical assistance from the Treasury Department, the World Bank, and the International … READ MORE

Smith Urges Strong Funding to Somalia to Promote Sustainable Government Institutions

  Congressman Adam Smith (D-WA) released the following statement in support of President Obama’s request for Economic Support Funds to Somalia:  Washington, D.C. – Last week, Congressman Adam Smith wrote the House Appropriations Committee a letter expressing strong support for the President’s request of  $87.7 million in Economic Support Funds to promote stability and economic … READ MORE

Rep. Adam Smith Urges Solution on Remittance to Somalia

  Congressman Adam Smith (D-WA) released the following statement on remittances to Somalia: “It’s now been over a month since Merchants Bank closed their accounts with Money Transfer Operators (MTOs) leaving Somali Americans in the 9th District and across the country without any avenues to send money to their families back home. This is an … READ MORE