Liberia has been admitted into the global Financial Intelligence Organization as a member state in fighting money laundering across the globe. Liberia got admitted through the instrumentality of Liberia Financial Intelligence Agency (FIA), formerly of Financial Intelligence Unit (FIU).
According to the Associate Director, Analyst and Compliance Directorate for Nigeria Financial Intelligence Unit, Muhammad Jaye, Liberia was admitted to the global body by Nigeria and Togo. Director Jaye told reporters on Monday, October 3, 2022 at Liberia’s FIA headquarters in Congo Town, Monrovia, that Liberia needed two old member countries to sponsor its admittance into the global body. Jaye disclosed the global Financial Intelligence Unit has 167 member countries, and he was therefore happy to have Liberia as an official member.
Director Jaye told the gathering that Liberia stands to benefit a lot for joining the global Financial Intelligence Unit. He explained that the fight against money laundering and illicit money transaction is now a global crisis and needs collective fight globally. According to him, the global body of Financial Intelligence Unit will be alerted when there any cases of money laundering in Liberia.
Liberia got qualified for the admittance following an assessment of its laws in the fight against illicit financial transaction and facilities. The delegation comprised of three persons from Togo and Nigeria.
Speaking during the one-day forum, FIA Acting Director, Emmanuel T. Gee, applauded Nigeria and Togo for the sponsorship to have Liberia admitted. He assured of Liberia’s commitment in working with the global Financial Intelligence Unit in fighting money laundering across the globe.
