Liberia Officials Sanctioned for Corruption by US Treasury

Washington D.C. - U.S. Department of Treasury Takes Action Against Corruption in Liberia

In a move aimed at curbing corruption in Liberia, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned three high-ranking Liberian government officials for their alleged involvement in widespread public corruption.

Sanctioned Officials

• Minister of State for Presidential Affairs and Chief of Staff Nathaniel McGill
• Solicitor General Sayma Syrenius Cephus
• Managing Director of the National Port Authority Bill Twehway

Reasons for Sanctions

The U.S. Treasury Department has designated these officials under Executive Order (E.O.) 13818 for their role in undermining democracy and stealing from the Liberian people.

Forms of Corruption

The sanctioned officials have been accused of various forms of corruption, including:

• Bribery
• Embezzlement
• Cronyism

Impact of Sanctions

As a result of the designation, all property and interests in property of these targets that are in the United States or in the possession or control of U.S. persons must be blocked and reported to OFAC.

Foreign Financial Institutions at Risk

Foreign financial institutions that knowingly facilitate significant transactions for these individuals may themselves face U.S. sanctions.

Goal of Sanctions

The ultimate goal of sanctions is not to punish but to bring about positive change in behavior, according to the U.S. Treasury Department.

Quote from Under Secretary Brian E. Nelson

“We will continue to work with the people and Government of Liberia to elevate countering corruption as a priority. Today’s action demonstrates our unwavering commitment to accountability, transparency, and good governance in Liberia.”