FIU Introduces Measures to Curtail Illegal Entry of Money

first_imgThe financial Intelligence Unit (FIU) has begun implementing several regulations on cross-border movement of currency.Addressing the Ministry of Information regular press briefing on Thursday, the Deputy Director General for operations at the FIU, Gabriel Bellepea, said Liberia having subscribed to an international financial task force regulation requires countries to regulate the movement of currency across borders.Bellepea pointed out that the FIU has put in measures to detect people traveling with money above the threshold.He explained that to ensure that Liberia complies with international standards, the FIU has begun enforcing the deduction of of 33.3 percent on any undeclared amount that is above the threshold of US$10,000 and investigate the legality of the money as applied by law.He disclosed that many people are in the habit of traveling with huge amounts of undeclared money so as to avoid paying taxes and because that source of the money is not legitimate.Bellepea also pointed out that cross border regulations have direct impact on fiscal policy and monetary policy, and that they “ensure stability in price levels, ensure that taxes are collected and that the relevant authorities to are aware of what is going out and what is coming in the country.”He noted that if monies going out and coming in the country are not declared, it poses serious challenges to the economy and country as a whole.He note that the FIU is about to commence the training of its staff and deploy them at various entry points around the country to effectively regulate the movement of currency in and out of the country.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Pele back in Brazil after hospital stay in France

first_img0Shares0000Pele arrived back in Brazil after a six-day hospital stay in Paris © AFP / NELSON ALMEIDASao Paulo, Brazil, Apr 9 – Football great Pele arrived back in Brazil Tuesday after having surgery for a “severe urinary infection” during a six-day hospital stay in France.The three-time World Cup winner was discharged late Monday from the private American hospital in the Paris suburbs where he had been taken after falling ill following an appearance at a promotional event with France striker Kylian Mbappe. After arriving at the Sao Paulo-Guarulhos airport in Brazil, the 78-year-old was taken through the terminal in a wheelchair and was driven away in a van.“Once again, thank God, everything went well. I’m alive. Long live Brazil,” said Pele, a gold cross hanging around his neck, after he arrived in Brazil’s biggest city.“I would like to take this opportunity to thank all the Brazilians and all those who called the hospital, who called me, for my operation, to wish me a rapid recovery,” he added.In a statement on Monday on the Globoesporte.com site, Pele said he had required “medical assistance and surgery” for a “severe urinary infection.”Before he was discharged, current Brazil star Neymar, who plays alongside Mbappe for Paris Saint-Germain, paid him a visit at the hospital.Neymar posted a photo on his Instagram account Monday of himself next to a smiling Pele in his hospital bed with the two holding hands.Brazil’s G1 reported that Pele had intended to come out of hospital on Saturday to return to his home country, but had been delayed by further tests.The infection was not serious and was under control, members of Pele’s entourage had said.Pele has had several health scares in recent years.A similar infection put him in intensive care in November 2014.Pele fell ill after attending this promotional event in Paris © AFP/File / FRANCK FIFEIn 2016, Pele, who played 1,363 professional matches, scoring 1,281 goals, was unable to light the flame at the Rio Olympics because of severe pain in the hip.In January 2018, he cancelled a trip to London fearing a “stressful” and “tiring” journey.0Shares0000(Visited 1 times, 1 visits today)last_img read more

How British newspapers reacted to historic night for England

first_img The England players celebrate their World Cup win over Colombia Join talkSPORT for LIVE commentary of England v Sweden in the World Cup quarter-finals – Saturday, July 7: KICK-OFF 3PM BST 11 As usual they made us sweat, yelp and cringe, but Gareth Southgate’s Three Lions showed real cajones as they made it past a naughty Colombia in a nail-biting finish.Captain Harry Kane took his World Cup tally up to six goals with a second-half penalty to put England ahead, and they were less than two minutes away from a relatively pain free (for us, not for Jordan Henderson) win when Colombia scored a dramatic stoppage-time equaliser.It meant another agonising 30 minutes of action – and it really was – which inevitably led to a penalty shoot-out.Henderson – earlier headbutted by a Colombian player who was only shown a yellow card – missed his spot kick but the South Americans also missed their next one, and Jordan Pickford was the hero with a crucial save from Carlos Bacca, before Eric Dier squeezed his shot past David Ospina to spark wild celebrations – both in Moscow and back in Blighty.But how did the press report the dramatic and historic – it’s England’s first penalty shoot-out win in World Cup history – night for the country?Find out below… Hold the front page! England actually won a penalty shoot-out!What a crazy night of football.Unless you live in a cave, you might have noticed that England are through to the World Cup quarter-finals!last_img read more