Kenya Added to Watchdog’s Dirty-Money List, Uganda Gets Reprieve
- Lack of crypto rules among reasons for adding Kenya to list
- Namibia said it was also included in FATF’s ‘gray list’
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Kenya has again been placed on a global financial watchdog’s “gray list” due to its shortcomings in tackling illicit financial flows.
The Financial Action Task Force asked Kenya to supervise cryptoassets, improve the quality of financial intelligence and increase prosecution of money laundering cases, Kenya’s Treasury said in a statement posted on X. The FATF also added Namibia and removed Uganda from the monitoring list.