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Originally published by KBC Top Storiestop
June 17, 2025
7mo ago
President Ruto signs laws to combat money laundering, reform insurance sector

President William Ruto assented to the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025 at State House Nairobi on Tuesday...
✨ Key Highlights
President William Ruto has signed into law critical legislation aimed at combating money laundering and reforming the insurance sector in Kenya.
- The Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025 addresses long-standing loopholes and enhances the country's financial integrity.
- Amendments affect ten Acts of Parliament, focusing on compliance with global standards set by organizations like the Financial Action Task Force (FATF).
- The Insurance Professionals Bill establishes robust oversight for the insurance industry, including a new Registration Committee and a focus on professional misconduct.
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