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Unified strategies the silver bullet for tackling Kenya’s grey listing
To ensure effective AML/CFT compliance, capacity-building initiatives for car dealers, real estate agents, betting companies, and law firms are essential.
Kenya was placed on the Financial Action Task Force (FATF) grey list in February 2024 after an evaluation of the country’s adherence to global standards for combatting money laundering and related financial crimes found weaknesses.
FATF, the Paris-based global watchdog for anti-money laundering and counter-terrorism financing standards, identified weaknesses in Kenya’s systems, which make country vulnerable to misuse by criminals, enabling them to process proceeds of crime.
