MONROVIA, LIBERIA-Justice Minister Frank Musa Dean has assured of Liberia’s readiness for the mutual evaluation by the Inter-Governmental Action Group against Money Laundering in West Africa.
The exercise is a peer review process which allows GIABA member countries to be assessed in an independent, fair and transparent manner.
Speaking at the opening of the Second Mutual Evaluation Monday, September 5, 2022, Minister Dean said:” Liberia has already instituted several measures aimed at strengthening the Country’s Anti-Money Laundering regime.”
He named the publication of the National Risk Assessment, the amendment of the Liberia Anti-Corruption Commission Act, and the submission of other bills seeking to address high corruption and illicit drug trafficking, as some of the measures instituted.
The Chairman of the National Anti-Money Laundering and Combating Financing Terrorism assured GIABA Assessors that Liberia will not be used as a transit for money laundering.
Liberia AMI/CFT regime is being assessed for compliance level with Financial Action Task Force (FATF) standards and other international best practice.
By: Sampson David