{"id":212936,"date":"2022-01-06T19:44:54","date_gmt":"2022-01-06T17:44:54","guid":{"rendered":"https:\/\/www.africa-newsroom.com\/press\/commending-the-actions-of-the-financial-intelligence-unit-of-liberia-to-curb-illicit-finance?lang=en"},"modified":"2022-01-06T19:44:54","modified_gmt":"2022-01-06T17:44:54","slug":"commending-the-actions-of-the-financial-intelligence-unit-of-liberia-to-curb-illicit-finance","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/commending-the-actions-of-the-financial-intelligence-unit-of-liberia-to-curb-illicit-finance\/","title":{"rendered":"Commending the Actions of the Financial Intelligence Unit of Liberia to Curb Illicit Finance"},"content":{"rendered":"<p><a href=\"https:\/\/www.africa-newsroom.com\/files\/large\/c8e1372a80256f0\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/files\/large\/c8e1372a80256f0\" alt=\"U.S. Embassy in Liberia\" style=\"max-width:500px\" \/><\/a><br \/><a href=\"https:\/\/www.africa-newsroom.com\/files\/download\/c8e1372a80256f0\">Download logo<\/a><\/p>\n<p>We applaud the actions of the Financial Intelligence Unit of Liberia in its&nbsp;<a href=\"https:\/\/www.fiuliberia.gov.lr\/financial-intelligence-unit-of-liberia-designates-korlane-investments-liberia-limited-liability-company-as-shell-company-set-up-for-money-laundering-and-concealment-of-crime-proceeds\/\">designation of Korlane Investments Liberia LLC<\/a>&nbsp;as a high-risk money laundering shell company.&nbsp; This is a courageous step forward for Liberia in the fight against transnational money laundering.&nbsp;We also commend the Inter-Ministerial Committee for approving these actions.<\/p>\n<\/p>\n<p>Recognizing corruption&rsquo;s ability to corrode democracy, on June 3, 2021, President Biden established the fight against corruption as a core U.S. national security interest.&nbsp; The&nbsp;<a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2021\/12\/06\/fact-sheet-u-s-strategy-on-countering-corruption\/\">U.S. Strategy on Countering Corruption<\/a>, released in December 2021, names curbing illicit finance as an essential pillar: &ldquo;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.&rdquo;<\/p>\n<p>We look forward to the implementation of related bold commitments made by H.E. President George Weah in his&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=bBUftFPm25s\">official statement at the Summit for Democracy<\/a>: &ldquo;My government commits to fighting corruption at the highest level &hellip; 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.&rdquo;<\/p>\n<p><i>Distributed by APO Group on behalf of U.S. Embassy in Liberia.<\/i><\/p>\n<\/div>\n<p> <a href=\"https:\/\/www.africa-newsroom.com\/\">Source: Africa Newsroom &#8211; APO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download logo We applaud the actions of the Financial Intelligence Unit of Liberia in its&nbsp;designation of Korlane Investments Liberia LLC&nbsp;as a high-risk money laundering shell company.&nbsp; This is a courageous step forward for Liberia in the fight against transnational money laundering.&nbsp;We also commend the Inter-Ministerial Committee for approving these actions. Recognizing corruption&rsquo;s ability to corrode [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":212937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[4585],"class_list":{"0":"post-212936","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa-news-2","8":"tag-apo","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/01\/commending-the-actions-of-the-financial-intelligence-unit-of-liberia-to-curb-illicit-finance.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/212936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=212936"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/212936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/212937"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=212936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=212936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=212936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}