MONROVIA – The Sixth Judicial Circuit, Civil Law Court at the Temple of Justice in Monrovia has recently ruled in favor of the Financial Intelligence Agency of Liberia (FIA), affirming the agency’s statutory power to impose monetary and administrative fines.
The ruling follows the FIA’s imposition of a L$15 million (Liberian dollars) fine against Orange Money Liberia for failing to meet Anti-Money laundering and Counter-terrorism Financing requirements under Liberia’s AML/CFT Act of 2021. The fine was based on a risk-based compliance inspection conducted by the FIA from September 2–13, 2024.
The court recently confirmed the FIA’s legal authority to impose sanctions aimed at strengthening AML/CFT compliance in Liberia. Orange Money Liberia has filed an appeal with the Supreme Court of Liberia.
