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Saccos and accountants body roped into dirty cash watchlist
Majority Leader and Kikuyu MP Kimani Ichungwâ makes his address during the three-day mid-term retreat for Members of the National Assembly at Lake Naivasha Resort in Nakuru County on January 28, 2025.
Kenyans making deposits to savings and credit cooperative societies (Saccos) are likely to come under scrutiny over their source of funds, if a proposed law that seeks to tighten the country’s leash on dirty money in the economy and strengthen its chances of getting off the grey list is passed.
The Anti-Money Laundering and Combating Terrorism Financing Laws (Amendment) Bill, 2025 proposes to, among other things, increase the number of institutions charged with the regulation and supervision of anti-money laundering.
