FEDHA🇰🇪PULSE; Stay Informed!
FEDHA🇰🇪PULSE; Stay Informed!
June 11, 2025 at 09:53 AM
*EU Blacklists Kenya Over Money Laundering Concerns* The European Commission has added Kenya to its updated list of high-risk jurisdictions for strategic AML/CFT deficiencies, alongside nine other countries. This follows similar FATF scrutiny and raises concerns over Kenya’s financial system integrity. Kenya has responded by amending AML laws, tightening real estate and gaming oversight, and boosting enforcement via multi-agency coordination and enhanced monitoring. DCI, FRC, CBK, KRA, and EACC are leading crackdowns, with CBK also enforcing compliance across banks, Saccos, and fintechs. – MO

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