AQN International is dedicated to preserving our reputation for quality and professionalism within the financial services community. We’ve represented clients regarding a wide range of issues and complex challenges within the banking sector.
Understanding the banking and finance laws within the region can be challenging without the help of an experienced banking and finance lawyer. Whether you are a large financial institution interested in forging new relationships in Somaliland or you’re just entering the banking industry, we can help.
Our attorneys provide legal research, contract services, strategic consultation, and more.
Contact us today or give us a call at +252 (0) 636-292-813 for your free initial consultation.
The Somaliland Central Bank legislation oversees the banking and financial sectors within the nation. It controls the operation of Islamic banks, commercial banks, and money transfer businesses. Learn more about each below.
Laws governing commercial banks in Somaliland continue to evolve as the country grows. With this in mind, it can be difficult to understand how specific laws or regulations can affect your business operations. Our attorneys stay updated on changes in the law and keep our clients informed.
Islamic banks are held to a different standard than other types of financial institutions in Somaliland. Since 2012 the Islamic Banks Law was passed in 2012. These laws offer clear guidance on the regulation of banks within this private industry. Understanding Islamic Banking laws can help you avoid penalties, civil suits, or criminal litigation.
The more popular money transfer businesses became in Somaliland, the more the public and private sectors called for regulations. In 2019, their wish was granted, and the Somaliland Money Transfer Business Law was passed.
Our banking and finance lawyers have a deep understanding of the country’s money transfer laws and regulations to offer our clients top-notch strategic counsel and risk mitigation.
The AQN international banking lawyers maintain a healthy practice regarding all aspects of banking and finance law within Somaliland. Our skilled lawyers are experienced in Islamic banking, commercial banking, and money transfer laws. We provide the following services, but not limited to.
We’ve practiced law in Somaliland and the Horn of Africa for more than a decade. Our lawyers know the unique challenges you face within the banking and finance industry. We thoroughly understand the complexities of banking law within the region.
With a firm grasp of the issues facing financial institutions operating in Somaliland, we help formulate practical solutions to keep your business interests safe.
Contact us today or give us a call at +252 (0) 636-292-813 for your free initial consultation.
