In February 2024, Kenya was placed on the infamous grey list by the Financial Action Task Force (FATF) because of deficiencies in combating money laundering, terrorist financing, and proliferation financing.
The FATF is the global watchdog for anti-money laundering and counter-terrorism financing standards. The task force recently evaluated Kenya’s adherence to global standards and recommendations set in place for countries to follow in combating money laundering and related financial crimes.
