Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
What Kenya stands to lose from its inclusion in financial crimes grey list
The 411 registered real estate agents filed only two suspicious transaction reports (STRs) to the Financial Reporting Centre in the five years to 2021. PHOTO | SHUTTERSTOCK
The Financial Action Task Force (FATF), a global standard-setting body for preventing money laundering and financing of terrorism, included Kenya in its grey list during its fifth plenary meeting in Paris last week.
Being on the grey list means Kenya will work closely with the FATF and regional bodies like the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) to address deficiencies in its anti-money laundering and combating the financing of terrorism (AML/CFT) measures.
