Regulatory Alerts2016-11-04
Central Bank of Liberia Directive on Commercial Banks' Submission of Regulatory Returns
The Central Bank of Liberia mandates all commercial banks to submit regulatory returns exclusively through its automated vRegCoSS web application. The directive establishes seven submission frequencies—daily, weekly, monthly, quarterly, semi-annual, annual, and as-needed—each with specific reporting deadlines and data requirements. Non-compliance triggers daily fines of L$100,000 for missed submissions and L$200,000 for erroneous re-submissions, with potential license revocation for persistent defaults.
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