KDF Warns Kenyans of Global Scams Targetting Banks
Unsuspecting banks have fallen for the trick...
✨ Key Highlights
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.
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Government Measures Against Illegal Activities and Scams - August 2025
The Kenyan government has issued a warning to youth applying for the National Youth Opportunities Towards Advancement (NYOTA) program due to a rise in fake platforms and scammers, reiterating that the program is free and does not require payment. In a separate development, the Kenya National Highway Authority (KeNHA) announced that five Kenyans were convicted in a Mombasa Law Court for encroaching on a road reserve along the Mombasa–Nairobi highway, stemming from their failure to comply with multiple vacation notices issued on April 4. Additionally, the Ministry of Defence has warned Kenyans about sophisticated global scams targeting banking systems, which are being leveraged by criminal organizations to finance terrorism by exploiting vulnerabilities in international financial networks and the dark web.
