The Intergovernmental Action Group against Money Laundering in West Africa (GIABA) has finally released findings about Liberia’s gains and challenges in the fight against money laundering, financing of terrorists and proliferation financing.
GIABA’s assessors conducted interactions with stakeholders from the public and private sectors during their onsite visit assessment in Liberia.
In 2010, the Economic Community of West African States (ECOWAS) specialized institution evaluated Liberia and proposed the establishment of the Financial Intelligence Unit (FIU), now transitioned to the Financial Intelligence Agency (FIA).
Speaking during the closing program of GIABA’s onsite visit to Liberia, Emmanuel T. Gee, elaborated on a few issues. He said, “The Financial Intelligence Unit now transitioned to the Financial Intelligence Agency of Liberia (FIA) appreciates the onsite visit, which was conducted by GIABA’ assessors to evaluate Liberia on technical and effective compliance.
“The 10-day engagement with stakeholders from the public and private sectors in Liberia helped the country to provide narration about technical and effective compliance to fulfill the second mutual evaluation requirements and other international standards,” Gee stated.
Gee continued, “We are hopeful that the initial findings that will be shortly released by GiABA could meaningfully help Liberia to strengthen her fight and prevention strategies against money laundering, terrorist financing and proliferation financing.
“We also caution all stakeholders from the private and public sectors in Liberia to continuously adhere to all anti-money laundering, financing of terrorists and proliferation financing laws and regulations to help give Liberia a positive image and for the protection of the country’s financial system.
“The financial Intelligence Agency (FIA) renews calls for coordination and collaboration for all competent authorities and other stakeholders to help promote the culture of compliance which could benefit Liberia and her economy,” Gee maintained.
“Thanks for gracing the closing ceremony of GIABA’s onsite visit to Liberia.”