Somaliland - AML progress meets its limits

As MLB continues its series on unrecognised and partially recognised states, Ramadhan Rajab and Keith Nuthall report that while Somaliland has demonstrated a continued commitment to protecting its financial system from dirty money flows and terrorist financing - so much so that it has become unattractive to the discerning launderer - the breakaway state's lack of international recognition is hampering its regulatory reform journey.