Insurance Brokers Urged to Tighten Cybersecurity as Kenya Seeks Exit from FATF Grey List
Senior Counsel Mohammed Nyaoga said the rapid digital transformation sweeping through the insurance industry has shifted threats from physical to cyber domains, demanding stronger safeguards. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
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.
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Ruto Seeks Zelensky's Help to Free Kenyans; CSOs Issue Demands to Tanzania's President Suluhu - November 2025
President William Ruto has sought the help of Ukrainian President Volodymyr Zelensky to secure the release of Kenyans reportedly captured while fighting for Russian forces in the Russia-Ukraine war. In regional affairs, a coalition of Kenyan and African civil society organizations under the Pan-African network, Jumuiya Ni Yetu, has demanded that Tanzanian President Samia Suluhu Hassan take responsibility for alleged human rights violations following the October 29 general election. They accuse her administration of killings and unlawful detentions. On the financial front, insurance brokers were urged to strengthen cybersecurity to combat money laundering, which is crucial for Kenya's removal from the Financial Action Task Force (FATF) grey list.
