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Originally published by Ghafla! (Entertainment)entertainment
June 17, 2025
2mo ago
President Ruto Enacts Key Legislation To Combat Money Laundering & Regulate Insurance Sector
The Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025, sponsored by National Assembly Majority Leader Kimani Ichung’wah, is designed to seal critical gaps that have facilitated money laundering and illicit financial flows, particularly throu..
✨ Key Highlights
President Ruto has enacted significant legislation aimed at combating money laundering and regulating the insurance sector in Kenya.
- The Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025 amends ten Acts to address international compliance concerns.
- Key sponsor: Kimani Ichung’wah, National Assembly Majority Leader.
- The Insurance Professionals Bill introduces new standards for the insurance industry, led by Kuria Kimani, emphasizing professionalism and oversight.
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