Monrovia – The Financial Intelligence Unit of Liberia (FIUL) has taken its fight against money laundering and other financial crimes to another level following the confiscation and subsequent turnover of US$284,000 to the Government of Liberia. The FIU then launched an investigation in line with its mandate and based on reasonable suspicion of money laundering reinforced by findings of preliminary investigations, a freezing order was placed on all the company’s accounts in Liberia. In collaboration with the Liberia Revenue Authority (LRA), the said amount was recovered representing tax liabilities of the Company. “The FIUL commends the government of Liberia for its demonstrated will to tackle money laundering and at the same time appreciates the public confidence reposed in the FIUL. The National Strategy and Action Plan seeks to mitigate the risks identified in the National Risk Assessment (NRA) 2019 report to make Liberia free of terrorist financing and money laundering to enhance investment and development.

Source: Front Page Africa July 14, 2022 08:08 UTC