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Originally published by The Standard Business
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October 15, 2025
8h ago

KRA downplays FATF claims of rampant illicit financial flows

KRA downplays FATF claims of rampant illicit financial flows

Kenya was placed in the grey list due to its weak policies and lack of prosecutions. However, KRA has termed that action as unjustifiable and unrealistic to Kenya’s situation...

✨ Key Highlights

The Kenya Revenue Authority (KRA) has dismissed Kenya's inclusion on the Financial Action Task Force (FATF) grey list, with Chairman Ndiritu Muriithi arguing that claims of illicit financial flows are overstated and based on a "Eurocentric view" of the financial system.

  • Kenya was added to the FATF grey list in February 2024 due to weaknesses in its anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks.
  • KRA Board Chairman Ndiritu Muriithi stated that those assessing Kenya have not fully understood its unique reliance on mobile money.
  • Despite KRA's stance, the Tax Justice Network estimates Kenya loses $189.8 million (Sh25 billion) annually to tax abuse, and the Financial Reporting Centre received reports amounting to approximately Sh7.016 trillion between 2021 and 2023.

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