UN Security Council
2020

way forward which will enable the Security Council to better assess and monitor compliance with the sanctions regime, and recalling that panels of experts operate pursuant to mandates from the Security Council, Determining that the situation in Somalia continues to constitute a threat to international peace and security in the region, Acting under Chapter VII of the Charter of the United Nations, 1. Notes with concern Al-Shabaab’s ability to generate revenue and launder, store and transfer resources, calls upon the FGS to continue working with Somali financial authorities, private sector financial institutions and the international community to identify, assess and mitigate money laundering and terrorist financing risks, improve compliance (including enhanced Know Your Customer and due diligence procedures) and strengthen supervision and enforcement, including through increased reporting to the Central Bank of Somalia and Financial Reporting Centre in line with the Anti-Money Laundering and Counter the Financing of Terrorism Act (2016) as well as the Mobile Money Regulations (2019), encourages the FGS to consider implementing a national ID programme to help mitigate terrorist financing