Business in Somalia is shaped by security and governance issues. Major businesses in the country started their journey during the darkest days of the civil war. They adapted to the situation and helped lay the groundwork for the recovery of the Somali state by building bridges across clan borders. As the country enters its third decade of internal strife, Somali businesses continue to grow, many on a global scale. They are now subject to local, national, and global forces.This paper is the result of interviews with more than a dozen business leaders and senior government officials. The aim was to understand how major Somali businesses have fared in the new business climate, with the passage of the anti-money laundering and combating the financing of terrorism (AML/CFT) bill of 2016 and the 2017 National Communications law. Specifically, we wanted to know whether thebusinesses have complied or not and the reactions of other actors to the new regulations…

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