Financial Action Task Force Puts Kenya On Money Laundering Grey List
The Financial Action Task Force (FATF) places Kenya on the grey list for international Anti-Money Laundering, Countering the Financing of Terrorism, and Proliferation of Weapons of Mass Destruction.
This was confirmed on Friday, February 23 by National Treasury Cabinet Secretary (CS) Njuguna Ndung’u.
“This underscores the imperative for swift and comprehensive action to bolster our compliance efforts. It is important to note that Kenya underwent an assessment conducted by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) in 2022. The evaluation revealed a mixed picture,” Ndung’u stated.
