UN Security Council
2021

and underscores the need to target Al-Shabaab’s finances, improve maritime domain awareness, prevent illicit revenue generation, including from the sale of charcoal, and reduce the threat posed by IEDs; 1a: Targeting illicit finances 2. 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), commends the FGS for signing a National Identification (ID) bill and encourages the development of a unique Somali ID as a matter of priority to improve financial access and compliance and counter the financing of terrorism, further encourages support from the