Advisory services: Kroll

US firm shed light on ‘missing banknotes’ scandal in Liberia, and is now working to overhaul central bank’s cash operations


In early 2019, police entered the Central Bank of Liberia (CBL) and arrested several officials on suspicion of fraud. The individuals were charged in connection with what came to be known as the ‘missing millions’ – banknotes that had supposedly been ordered from Crane Currency, shipped to Liberia, and then disappeared. The problem was, it was unclear whether any banknotes were actually missing.

The United States Agency for International Development (USAID) commissioned Kroll to probe the

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