MONROVIA – The Financial Intelligence Agency of Liberia (FIA) has fined 50/50 Casino Inc. six million Liberian dollars (L$6,000,000) for what it calls a “significant lack” of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) controls — a failure the agency says exposes the country to money laundering and terrorist financing risks.
The penalty follows a risk-based AML/CFT inspection of Liberia’s gaming sector conducted October 9–15, 2024. Inspectors found 50/50 Casino in gross violation of the AML/CFT Act of 2021, including failure to carry out customer due diligence, absence of a risk-based compliance program, weak customer onboarding procedures, and ineffective transaction monitoring.
The FIA cited breaches of Section 15.3.2 of the law, which requires casinos to identify and verify customers and implement safeguards against financial crime.
In addition to the fine, the FIA has ordered 50/50 Casino to submit a detailed remediation plan by September 1, 2025, and fully address all identified deficiencies by November 1, 2025. The agency warned it will take further supervisory action if compliance is not achieved.
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