By Goth Mohamed Goth
Hargeisa–The President of the Republic of Somaliland, H.E. Abdirahman Mohamed Abdilahi Irro, today inaugurated the National Conference on Combating Money Laundering and Illicit Financial Flows in Hargeisa.
The President, in line with his administration’s national agenda to strengthen financial transparency, combat corruption, and establish open and integrated financial markets, delivered a comprehensive address highlighting key priorities.
President Irro emphasized his government’s commitment to maintaining and advancing a financial governance system aligned with international standards while adopting modern global frameworks. He stated:
“The Constitution of the Republic of Somaliland mandates the protection of national security, the establishment of a free market, domestic and foreign investment, accountability, and transparency. Therefore, combating money laundering and preventing terrorist financing is a legal obligation.”
The President underscored his administration’s focus on:
– Enhancing the quality and transparency of financial management
– Strengthening asset recovery mechanisms
– Producing regular reports on Somaliland’s fiscal status and compliance with financial laws and policies.
President Irro stressed that fighting illicit financial flows and countering terrorist financing is a collective responsibility binding upon every citizen, institution, and business in Somaliland. He declared:
“We must all adhere to the principles of transparency and accountability while ensuring our financial system is built on trustworthy and sound governance.”
The President described this national conference as a critical milestone in Somaliland’s united efforts to safeguard its financial system from criminal activities and harmful practices. He added:
“We expect this conference to yield strong outcomes that will contribute to building a robust financial system aligned with modern international standards of fiscal governance—ultimately strengthening our nation’s economic growth and stability.”
