LiberiaThe 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.
The Inter-Governmental Action Group against Money Laundering in West Africa noted that the Ebola virus has had a negative impact on the anti-money laundering regimes of Guinea, Liberia and Sierra Leone since it reduced the government budgets each nation allocated for their compliance programs.
Hamas moved cryptocurrency donations through Binance, UAB Finolita Unio loses Lithuanian license over Wirecard ties, and more, in the midweek roundup.
U.K. law firm fined for customer due-diligence breaches, Germany targets suspicious property transactions, and more, in the midweek roundup.
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.
| Technical | Effectiveness |
|---|---|
| Compliant : 0 | High : |
| Largely Compliant : 0 | Substantial : |
| Partially Compliant : 21 | Moderate : |
| Non-Compliant : 28 | Low : |
| Rank : 29/141 |
| Score : 6.25/10 |
| Rank : 137/180 |
| Score : 28/100 |
| Rank : 111/133 |
| Score : 78/100 |