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Walk the talk on graft, money laundering war
Financial Reporting Center (FRC) Director General, Saitoti K. Maika presenting copies of the National Money Laundering and Terrorism Financing Risks Assessment Report 2021 to the former Ministry of Interior and Coordination of National Government Cabinet Secretary Dr Fred Matiangi launched on July 27, 2022, at the Serena Hotel. PHOTO | FRANCIS NDERITU | NMG
Kenya has made a new commitment to track the financial dealings of high-ranking politicians, including the President, and their allies from next year aimed at preventing the country from being locked out of the global financial system for money laundering.
The Treasury has told the International Monetary Fund (IMF) that the State will track the flow of cash of politically exposed persons, including their bank accounts, to match their known income and their financial dealings.
