UN Security Council
2021

international peace and security caused by terrorist acts, Recognising that the threat posed by Al-Shabaab to peace, security and stability in Somalia and the region goes beyond the group’s conventional military action and asymmetric warfare, expressing serious concern at Al-Shaabab’s ability to generate revenue as documented in the final report of the Panel of Experts (the Panel) on Somalia (S/2021/849) welcoming the FGS’ efforts to strengthen the Somali Financial Sector to identify and monitor money laundering risks and combat terrorist financing, noting the steps set out by the FGS in the STP on institutional capacity building, which seek to develop these capabilities, noting the importance of financial services in enabling Somalia’s economic future, further welcoming efforts by the FGS, the United Nations Office on Drugs and Crime (UNODC) and the Panel to develop a plan to disrupt Al-Shabaab finances, and urging engagement from the FGS, FMS, Somali financial institutions, the private sector and the international community to support this process, Expressing concern at the continued reports of corruption and diversion of