Monrovia – Liberia’s Financial Intelligence Unit (FIU) has completed the first phase of a national risk assessment (NRA) against money laundering and terrorist financing (ML &TF). FIU director-general Alex Cuffy was understandably delighted with the kick-off after several brainstorming exercises at home and abroad. Money laundering and terrorist financing is a cross border crime. “It sets the basis for us to go out now and look for the problems that we are faced with when it comes to money laundering and terrorist financing. There are 21 predicate offenses, including drug trafficking, tax evasion, corporate crime, corruption, fraud and organized theft, illegal logging and fishing, people smuggling, sexual servitude, that are linked to money laundering.

Source: Front Page Africa April 23, 2018 00:22 UTC