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Regulatory Guidelines
Regulatory Guidelines
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Supervision and licensing

The Licensing and Supervision department grants all CBS licenses to financial service providers in Somalia and provides supervision to ensure the service providers adhere to the rules and regulation of the country. The department is driven by the key objective to enable a safe and sound financial sector that operates to international standards. It provides regular training and workshops to build the capacity of the service providers as well as conducting on-site and off-site examinations. Listed below are all the licensed financial service providers that operate in Somalia.

licensed banks

AGRO HQ, Warsame Building,

Wadnaha Street, Mogadishu, Somalia

Contacts

Telephone  :  +252 1 653591

Email          : info@agrobank.so

Website      : https://www.agrobank.so

Garowe, Puntland State, Somalia
Tell: +252 584 3100 /3200

https://amalbankso.so

info@amalbankso.so

KM4 Hodan Mogadishu, Somalia,
Tel: +252-840077/850902

www.amanabank.so

info@amanabank.so 

Address:  Street Maka AlMukarama, Mogadishu, Somalia.
Tel: +252 611111302
Email: info@bbbank.so
Web: www.bbbank.so

Airport Road, Bosaso, Puntland State, Somalia

http://daryeelbank.com

info@daryeelbank.com

ABC Building, Airport Road, KM4, Mogadishu, Somalia
+252614987777 / +252614986666
https://www.gibbank.so/
E-mail: info@gibbank.so

Address:  Waberi District, Mogadishu, Somalia.
Tel: +252 615519092
Email: info@icbank.so
Web: www.icbank.so

Hamarweyne, Mogadishu Somalia
Tel: +252 617060070

www.ibsbank.so

info@ibsbank.so

Hodan District, Mogadishu,
Somalia

Tel: +252 615994244

https://www.mybank.so/

info@mybank.so

Km4 Hodan Mogadishu, Somalia,
Tell: +252615994664

www.premierbank.so

info@premierbank.so

Salaam Tower,

Afgoye Road, Wadajir, KM5

Mogadishu, Somalia

Tel: +252 658835

http://www.salaambank.so

E-mail: Info@salaambank.so

Bakaaraha, Hawlwadag street, Mogadishu, Somalia
Tel: +252 615546198

www.sombank.so

info@sombank.so

Wadajir District, Airport road, Mogadishu, Somalia

Tel: N/A

Website: www.ziraatkatilim.so

E-mail: N/A

LICENSED MONEY TRANSFER BUSINESSES (MTBs)
Licensed Mobile Money Service Providers
Existing Laws, Regulations and Circulars
  • Central Bank Act, 2012
  • Financial Institutions Act, 2012
  • AML & CFT Act, 2016
  • Corporate Governance Guidelines, 2018
  • Operational Risk Guidelines, 2020
  • Shariah Governance Framework (2020)
  • Islamic Financial Reporting & accounting Guideline (2020)

 

  • MTB Licensing Regulation, 2014
  • MTB AML Regulation, 2015
  • MTB Customer Registration, 2016
  • MTB Operations Regulation, 2016
  • AML/CFT Regulation for Financial Institutions, 2019
  • New Requirements to Introduce Anti-counterfeit Currency Measures by Licensed Financial Institutions in Somalia (Circular No.1 of 2021)
  • Additional Requirements to Strengthen Anti-Counterfeit Currency Measures & Acceptance of the $50 Note by Licensed Financial Institutions (Circular No.2 of 2021)
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