The Ministry of Defence has issued a stern warning to Kenyans regarding global scams that are increasingly targeting banking systems. These sophisticated schemes are being leveraged by criminal organizations to finance terrorism, exploiting vulnerabilities in international financial networks and the dark web.

• On Monday, Major General John Nkoimo highlighted the escalating threat during the launch of a new training program focused on countering terrorism financing.
• The Kenyan government recently enacted two pivotal laws to bolster financial security: the Insurance Professionals Bill and the Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Bill, 2025.
• The new legislation, signed into law on June 17 by President William Ruto, aims to close legal loopholes, increase scrutiny of financial transactions, and empower enforcement agencies to act swiftly against illicit financial flows.
• These reforms are designed to enhance Kenya’s reputation with international regulators like the Financial Action Task Force (FATF), by strengthening compliance with global AML/CFT standards.