E.U LABELS KENYA ALONGSIDE AFRICAN PEERS AS HIGH-RISK FOR MONEY LAUNDERING, TERRORISM FINANCING
Faith Nyasuguta The European Commission has recently updated its high-risk third-country list, adding Kenya, Algeria, Angola, Cote d’Ivoire, Lebanon, Monaco, Namibia, Nepal, and Venezuela to jurisdictions flagged for strategic weaknesses in anti-money laundering (AML) and counter-terrorist financing (CFT) systems. The move, aligned with the Financial Action Task Force’s “grey list,” reflects ongoing global scrutiny of […]
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