U.S. Embassy praises the Actions of the Financial Intelligence Unit of Liberia to Curb Illicit Finance

In a statement released by the United States Embassy accredited to Liberia said, “We applaud the actions of the Financial Intelligence Unit of Liberia in its designation of Korlane Investments Liberia LLC as a high-risk money laundering Shell Company.  This is a courageous step forward for Liberia in the fight against transnational money laundering.  We also commend the Inter-Ministerial Committee for approving these actions.

Recognizing corruption’s ability to corrode democracy, on June 3, 2021, President Biden established the fight against corruption as a core U.S. national security interest.  The U.S. Strategy on Countering Corruption, released in December 2021, names curbing illicit finance as an essential pillar: “Corrupt actors and their facilitators rely on vulnerabilities in the United States and international financial systems to obscure ownership of assets and launder the proceeds of their illicit activities.”

We look forward to the implementation of related bold commitments made by H.E. President George Weah in his official statement at the Summit for Democracy: “My government commits to fighting corruption at the highest level … We will propose legislation for the establishment of a dedicated criminal court for the prosecution and convictions of public officials and individuals or institutions engaged in corrupt practices and financial offenses.”

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About Cholo Brooks 16091 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.

1 Comment on U.S. Embassy praises the Actions of the Financial Intelligence Unit of Liberia to Curb Illicit Finance

  1. Thank God Almighty for the United State of America present in Liberia. It is a need for his H.E.President George M.Weah to persuade his promised for the Betterment and good living conditions of Liberians, by making sure that his statement at the Summit for Democracy is fulfill; Making sure that the Establishment of a Dedicated Criminal Court for the Prosecution and Convictions of Public Officials and individuals or institutions engaged in Corrupt Practices and Financial Offenses to be bright to Book. In order stop some of our Suffering as Liberians.

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