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Proposed law targets trusts in war against dirty money
Under the proposed law, trusts will be required to register in a centralised database as a condition for legal recognition, marking a shift from the current fragmented framework that has been criticised for enabling opacity in ownership structures.
Kenya is betting on a public register of people who ultimately own or control trusts to help stem the flow of illicit money and boost its chances of exiting the global money laundering grey list.
The Trust Administration Bill, 2026, currently before Parliament, introduces sweeping reforms in the regulation of trusts, including mandatory disclosure of ultimate beneficiaries and enhanced oversight of trustees.
