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June 19, 2025
2mo ago

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

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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