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FIU to open regional offices

By Ibrahim Tarawallie

In a bid to reiterate the government commitment and determination to fight money laundry and terrorism financing, the Financial Intelligence Unit (FIU) has been given the green light to open regional offices in the north, south and eastern part of the country.

According to the Director of FIU, David N. Borbor, such a move is very timely and laudable especially when it is taking place under his administration.

Mr. Borbor said before the establishment of those offices, he undertook several stakeholders’ engagement in the regions in order to educate them about the effects money laundry and terrorism financing have on the country`s economy.

He lamented that as the country is prone to several illegal crossing points, there is the high tendency of ML/TF entering to the country. “Once the people are now well informed about these activities, they can help in giving out information to FIU to make the necessary arrest,” the FIU Director noted.

Mr. Borbor also disclosed that plans are well underway to amend the AML/CFC aCT of 2012 in a bid to give his institution more powers to arrest and prosecute cases of money laundry and terrorism financing.

The fight against money laundering and terrorism financing in Sierra Leone has taken a very serious dimension under the leadership of President Dr. Julius Maada Bio immediately after assuming the highest office of Presidency over two years ago. The country’s Financial Intelligence Unit (FIU), the body responsible for Anti-Money Laundry and Combating of Financing Terrorism (CFT) was established in 2012 by an Act of Parliament.

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