Copy right  2015 Central Bank of Somalia, All Rights Reserved.
Central Bank of Somalia Central Bank of Somalia provides the nation with safe, flexible and stable monetary & financial system.”

         Supervision

and Licensing

Banking Section

With the passing of the Financial Institutions Law of 2012, the CBS is responsible officially for the licensing and supervision of Banks and Non Banks Financial Institusions.  The CBS has made steady progress in developing regulations to support the law, with assistance from the International Financial Institutions (IFIs) Regulations passed by the CBS and approved by the CBS Board of Directors include the following: Bank licensing regulation Capital adequancy Regulation  Liquidity risk management regulation Internal Audit regulation Regulation on Audit Committee Audited Financial Statememt regulation Related persons transaction regulation Opening and Closing Banking Regulations

List of Documents and Resources:

Bank License application form Compliance Contact information  Financial Institution Law 2012 Anti-Money Laundering (AML) and CFT Law 2015 Central Bank of Somalia Act law No. 130
Copy right  2015 Central Bank of Somalia, All Rights Reserved.

         Supervision and Licensing

Banking Section

With the passing of the Financial Institutions Law of 2012, the CBS is responsible officially for the licensing and supervision of Banks and Non Banks Financial Institusions.  The CBS has made steady progress in developing regulations to support the law, with assistance from the International Financial Institutions (IFIs) Regulations passed by the CBS and approved by the CBS Board of Directors include the following: Bank licensing regulation Capital adequancy Regulation  Liquidity risk management regulation Internal Audit regulation Regulation on Audit Committee Audited Financial Statememt regulation Related persons transaction regulation Opening and Closing Banking Regulations

List of Documents and Resources:

Bank License application form Compliance Contact information  Financial Institution Law 2012 Anti-Money Laundering (AML) and CFT Law 2015 Central Bank of Somalia Act law No. 130
CONTACT INFORMATION P.O Box 11, 55 Corso Somalia Mogadishu, Somalia Tel/Fax: +2521241152, Tel: +2521866131 Tel: +2521866151 Email: it@centralbank.gov.so
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         Supervision & Licensing
The list of Money  Remittance providers (Hawalas) and Banks who are registered and licensed under the authority of the Central Bank of Somalia. 1 . Licensed Hawalas 2 . Licensed Banks If you are not registered and don’t have a license yet contact us as soon as possible to discuss and to register.
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