During the 19th Annual Conference of the Association of Insurance Brokers of Kenya (AIBK) in Mombasa, insurance brokers were urged to strengthen cybersecurity efforts to combat money laundering and terrorism financing, crucial for Kenya's removal from the Financial Action Task Force (FATF) grey list.

• Over 70 percent of insurers in Kenya are now accessible through digital platforms, highlighting the increased cybersecurity risk.
• Senior Counsel Mohammed Nyaoga emphasized the need for robust safeguards to maintain customer confidence in digitally driven systems.
• Insurance Regulatory Authority (IRA) CEO Godfrey Kiptum stressed the urgency for brokers to address compliance gaps, as Kenya risks being the only East African country on the grey list.