
Lonestar Cell MOMO Fined L$25 Million…FIA Cites Noncompliance With Anti-Money Laundering Laws
The Financial Intelligence Agency of Liberia (FIA) has imposed a 25,000,000 Liberian Dollar fine on Lonestar Cell MTN Mobile Money, Inc. (LCMMMI). The decision follows the company’s alleged failure to comply with Liberia’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) policies, procedures, control, and obligations, as provided for in Liberia’s AML/CFT Act of…