Kenya Added to Global Money Laundering List

Nairobi — Financial Action Task Force (FATF), a global anti-money laundering watchdog, has placed Kenya on the ‘grey list’, signaling heightened monitoring.

Treasury CS Njuguna Ndung’u said that the placement of Kenya on the list portends enhanced monitoring to ensure compliance with international Anti-Money Laundering, Countering the Financing of Terrorism, and Proliferation of Weapons of Mass Destruction (AML/CFT/CPF) obligations.

The CS added that Kenya revealed mixed reactions to an…

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