Liberia Finalizes National Risk Assessment Report on AML/CTF

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CBL Governor Aloysious Tarlue (seventh from right) allong with GIABA officials and other delegates at opening of the NRA workshop.

The Liberian Government through the Financial Intelligence Unit of Liberia along with other competent authorities in the Anti-money laundering and Countering Terrorist Financing AML/CTF) regime, has finalized the National Risk Assessment (NRA) Report, following a two-day technical workshop held in Monrovia.

Speaking to the media at the closure of the two days technical workshop, the Director General of Liberia Financial Intelligence Unit, Edwin W. Harris, explained that the NRA technical workshop focused on the final review and discussion of the National Risk Assessment Results, the design of the Risk Based Action Plan, discussion on implementing issues and the final publication of the NAR report, coupled with its accompanying Risk –Based Action Plan.

According to him, the overarching objective of the NRA technical workshop has been achieved based on the full participation of leads/specialists of the eight NRA Technical Working Groups (TWGs), heads of all agencies represented on the TWGs and the Governance Steering Committee (GSC); which is chaired by the Minister of Finance and Development Planning (MFDP) and Co-chaired by the Minister of Justice (MOJ).

He lauded representatives of the Inter-Governmental Action Group Against Money Laundering (GIABA), United States Embassy, World Bank, African Development Bank (AFDB), European Union, UNODC, and Government of Liberia (GOL) who attended and participated in the National Risk Assessment workshop.

The FIU boss said the final publication of the National Risk Assessment (NRA) report is an important national exercise that will boost Liberia’s standing in the global financial system and also give way for a more effective 2nd round of mutual evaluation by GIABA representatives or assessors in early next year (2022).

Meanwhile, other public institutions that are included in the competent authorities in the fight against money laundering and countering terrorist financing regime in Liberia are: Liberia Anti-Corruption Commission, General Auditing Commission, Ministry of Justice, Liberia Revenue Authority, and Liberia Drug Enforcement Agency, Liberia National Police, amongst others.

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