Kenya was one of two African countries included in the Financial Action Task Force’s (FATF) latest update to its list of jurisdictions under increased monitoring for money laundering and terrorist financing, while the United Arab Emirates (UAE) was among four countries removed.
The designations were announced by the FATF on Friday. The intergovernmental organization’s so-called “grey list” identifies jurisdictions actively working to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
