Liberia fines Orange Money L$15m for AML/CFT oversight, risk and reporting breaches

Mobile phone-based payments operator Orange Money must pay a L$15 million (US$75,000) penalty after Liberia's Financial Intelligence Agency found "major infractions" of the country's Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) Act 2021 during a September 2024 inspection.

Mobile phone-based payments operator Orange Money must pay a L$15 million (US$75,000) penalty after Liberia's Financial Intelligence Agency (FIA) found "major infractions" of the country's Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) Act 2021 during a September 2024 inspection.