Full text of Press Releases of the United States Department of the Treasury : READOUT: Under Secretary Brian Nelson’s Meeting with President of the Federal Republic of Somalia Hassan Sheikh Mohamud

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U.S. DEPARTMENT OF THE TREASURY
READOUT: Under Secretary Brian Nelson’s Meeting with President
of the Federal Republic of Somalia Hassan Sheikh Mohamud
June 22, 2023

WASHINGTON – On June 20, Under Secretary of the Treasury for Terrorism and Financial
Intelligence Brian E. Nelson met with Hassan Sheikh Mohamud, the President of the Federal
Republic of Somalia. The two affirmed the close U.S.-Somali partnership in combatting al-Shabaab
and its illicit financial activities, areas to further enhance ongoing counter terrorist financing
cooperation, and the need for robust anti-money laundering and counter terrorist financing
(AML/CFT) frameworks to protect financial systems from abuse and provide broad access to wellregulated financial services. They also discussed the importance of strong economic governance and
Somalia’s progress to advance critical reforms to reach the Heavily Indebted Poor Country Countries
(HIPC) Completion Point for debt relief.