The Financial Intelligence Unit of Liberia (FIU) has promised to embark on comprehensive training for gaming entities to enhance full compliance, as required by the Act that established the FIU.
Speaking during an interactive awareness workshop with institutions that are members of Liberia’s Gaming Sector on Monday, November 22, 2021, Mr. Edwin W. Harris, FIU Director-General renewed calls for adherence to the rule of law that supports the regular filing of Suspicious Transaction Reports (STRs) to help put Liberia on the rightful trajectory with other countries that are demanding full compliance to fight money laundering and terrorist financing.
According to him, FIU is prepared to protect the reputation of Liberia that needs a credible financial system that could attract credible investors and investments that can improve all sectors, coupled with the lives of Liberians from diverse backgrounds through employment.
“Protect your brand at all times by adhering to FIU’s Policy, put measures into place about compliance to help make your businesses credible, he cautioned gaming entities.
The FIU boss urged gaming entities to know their customers and others who are noted for patronizing their services.
“You need to have professional compliance officers who are well-trained about compliance to help fight and prevent money laundering and other financial crimes, Mr. Harris noted.
The FIU boss believes the failure or non-compliance by some gaming entities could be the lack of capacity development to understand the filing of Suspicious Transaction Reports (STRs) and the negative implications of Money Laundering and other financial crimes.
Meanwhile, serveral gaming entities in Liberia attended the day-long National Risk Assessment Workshop, which was held at the FIUL headquarters.