Blow as EU adds Kenya to money laundering watchlist

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The listing means Kenya faces tough scrutiny of financial transactions involving its entities with the key 27-member European Union (EU) bloc.

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The European Commission (EU) has included Kenya in its updated list of high-risk countries with gaps in their national anti-money laundering and countering financing of terrorism regimes.

Kenya joins several third-world nations on the commission’s watch list including Algeria, Angola, Cote d'Ivoire, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela.

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