In a decisive move to strengthen Liberia’s financial system against illicit activities, the Financial Intelligence Agency of Liberia (FIA) and the Central Bank of Liberia (CBL) have signed a joint directive.
The new directive, signed at a formal ceremony attended by senior financial regulators and sector representatives, introduces enhanced safeguards aimed at curbing money laundering, terrorist financing and other illicit financial flows that threaten economic stability.
Speaking at the signing ceremony, CBL Executive Governor Henry F. Saamoi described the joint action as a clear demonstration of institutional resolve.
“This joint directive represents a firm statement of the CBL and FIA’s shared commitment to combat financial crimes, protect Liberia’s financial sector, and safeguard the stability of the country’s economy,” Saamoi said.
He noted that Liberia’s financial landscape has expanded significantly in recent years, growing in “size, complexity and interconnectedness,” and warned that such progress brings heightened vulnerabilities.
“With these advancements come increased risks of money laundering, terrorist financing, proliferation financing and other illicit financial flows that can undermine economic progress and threaten national security,” he cautioned.
Saamoi said recent engagements with regional and international partners underscored the urgency of reform.
