Regulatory Alerts2010-04-03
Directive Concerning Security and Surveillance Systems at Financial Institutions
The Central Bank of Liberia mandates minimum security and surveillance standards for all financial institutions, requiring reinforced vaults with combination locks and 24/7 CCTV systems that retain recordings for three to six months. Institutions must also secure licensed security firms with adequate insurance coverage and maintain backup power for continuous surveillance operations. Compliance is enforced within six to twelve months depending on geographic location, with daily penalties of at least L$100,000 applied to violators after the forbearance period.
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