MONROVIA – The Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA), a FATF Styled Regional Body will hold a five-day workshop in Monrovia beginning August 2, 2021. According to the Financial Intelligence Unit of Liberia, the Pre- Assessment Workshop on the second round of Mutual Evaluation of Liberia’s Anti Money Laundering and Counter-Terrorist Financing (AML/CFT) regime by GIABA, will bring together sixty-five participants as stakeholders within Liberia’s AML/CFT regime. The advocacy mission is intended to provide adequate national resources – both human and financial, for Mutual Evaluation beyond the FIU resources. The Pre- Assessment Workshop is the first step into Liberia’s second round of mutual evaluation that culminates with onsite visitation in February 2022. The First Round of Mutual Evaluation of Liberia was conducted by GIABA in 2010 with Liberia getting a poor rating and placed on a regular follow-up reporting process.

Source: Front Page Africa July 30, 2021 08:01 UTC