The Financial Intelligence Unit of Liberia issued a press release urging anti-money laundering compliance in the insurance sector and other areas.
The Organisation for Economic Co-operation and Development published a supplemental report to its Phase 1 peer review concerning Liberia’s adherence to the international standard for tax transparency and the automatic exchange of tax information.
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Liberia FIU Fines Access Bank Liberia Limited LD$500,000 for Breaching Suspicious Transaction Reporting Rules
The Financial Intelligence Unit of Liberia has imposed a fine of LD$500,000 on the Sinkor Monrovia, Liberia-based financial institution for failing to meet requirements under the regulation on Suspicious Transaction Reporting for Financial Institutions that are operating in the country.
The Financial Intelligence Unit of Liberia penalized Afriland Bank $250,000 LRD for violations related to currency transaction reporting procedures.
|Compliant : 0||High :|
|Largely Compliant : 0||Substantial :|
|Partially Compliant : 21||Moderate :|
|Non-Compliant : 28||Low :|
|Rank : 29/141|
|Score : 6.25/10|
|Rank : 137/179|
|Score : 28/100|
|Rank : 111/133|
|Score : 78/100|