EU Envoy Reveals What Kenya Must Do to Exit Money Laundering Grey List

Kenya was recently placed on a list of countries classified as high-risk jurisdictions...
✨ Key Highlights
EU Ambassador Henriette Geiger outlined the steps Kenya must take to remove itself from the money laundering grey list during an interview on June 19.
- Kenya is currently among 15 African countries monitored by the EU for money laundering and terrorism financing concerns.
- Henriette Geiger, EU Ambassador to Kenya, stressed that the grey listing does not impose economic sanctions like those on South Korea.
- Key recommendations include conducting a risk assessment on terrorism financing, improving prosecution of financial crimes, and enhancing supervision of virtual asset providers.
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