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New law lifts secrecy on trust beneficiaries in dirty money fight
Information on beneficial owners will include the residence of the trustees and their equivalents and any assets held or managed by the financial institution or designated non-financial businesses and professions.
Trusts will now be required to reveal their ultimate beneficiaries under the newly passed law that seeks to curb money laundering and illicit financial flows as Kenya pushes to exit the global dirty-money grey list.
President William Ruto signed the Trust Administration Bill, 2026 into law on Tuesday.
