The Financial Intelligence Unit of Liberia has commended the government for indicting Korlane Investments Liberia Limited Company.
The Financial Intelligence Unit of Liberia recently designated Korlane Investments Liberia Limited Company for money laundering following a long investigation which found that the company was not a legitimate company.
The government following the revelation from the FIU indicted the company for money laundering, wire fraud, theft of properties, and criminal conspiracy.
The FIU in a release issued on Wednesday, January 12, 2022, said the indictment of the Shell Company and co-conspirators signifies a new day in the fight against money laundering and other transitional crimes in Liberia.
The FIU also extended thanks to all expert authorities for the coordination and cooperation in the investigation that subsequently led to the indictment of Korlane and its co-conspirators.
According to the FIU, it is the entity’s passionate hope that the trial will be speedy in setting new precedent and discouragement to would-be criminals whose sole desire is to abuse the Liberian financial space for criminal gains.
The Financial Intelligence Unit of Liberia (FIU), established as an autonomous agency of the Government of Liberia (GOL) by the Act of the National Legislature in 2012 (FIU Act, 2012 approved on April 30, 2013, and published on May 2, 2013), is the central, national agency of Liberia responsible for receiving, requesting, conducting preliminary investigations, analyzing and disseminating information to competent authority concerning suspected proceeds of crime and terrorist property.
The FIU vision to build a well-equipped Unit dedicated to an effective Anti-Money Laundering and Combating Financing of Terrorism [AML/CFT] regime in Liberia. The FIU seeks to protect Liberia’s financial system from abuse of financial and economic crime for the enhancement of national, regional, and global peace and economic stability.
According to the Director-General of the Financial Intelligence Unit of Liberia Edwin Harris Jr., noted that his administration will shield no institution or group that will try to corrupt Liberia’s financial system.
