Unified strategies the silver bullet for tackling Kenya’s grey listing
Kenya was placed on the Financial Action Task Force (FATF) grey list in February 2024 after an evaluation of the country’s adherence to global standards for combatting money laundering and related financial crimes found weaknesses. FATF, the Paris-based global watchdog for anti-money laundering and counter-terrorism financing standards, identified weaknesses in Kenya’s systems, which make country […]
What it Will Take to Get Kenya off the Grey List
In February 2024, the republic of Kenya was placed on the infamous grey list by the Financial Action Task Force (FATF), because of deficiencies in combatting Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF). The FATF is the global watchdog for anti-money laundering and counter terrorism financing standards. The Taskforce recently conducted an […]
The army that can clean the illicit financial pipeline in Africa
The African Union estimates that Africa loses no less than US$ 50billion to illicit financial flows annually. Africa’s geographical positioning coupled with its porous borders makes it an ideal transit point for the perpetration of drug trafficking, human trafficking and illicit wildlife trade. Governance lapses resulting from corruption make it even more difficult to secure […]
How we can plug Kenya’s systemic graft loopholes
Kenya has had numerous scandals in the past few years with the most recent being the lost of billions of shillings at the Kenya Medical Supplies Agency through procurement malpractices in the middle of a global health pandemic. Just as we were wrapping our heads around the nerve wrecking scandal, President Uhuru Kenyatta revealed that […]
