AccessBank Liberia controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Liberia fines Access Bank Liberia over suspicious transaction reporting
Fine or penalty
Liberia’s Financial Intelligence Unit fined Access Bank Liberia LRD$500,000 after finding that the bank had not filed Suspicious Transaction Reports as required.
Source excerpt
The Financial Intelligence Unit of Liberia (FIU) has fined Access Bank Liberia Limited LRD$500,000.00 in keeping with the regulation on Suspicious Transaction Reporting for Financial Institutions section 3.2.(d)(i).
It was found during an inspection of Access Bank AML/CFT compliance that Access Bank Liberia had not file Suspicious Transaction Reports (STRs) as discovered by the team and also had not file any STR from January 2019 to the time of inspection.