Kenya races against time to exit Grey List ahead of review
Kenya was placed on the grey list on February 23, with the FATF noting that the country’s existing anti-money laundering and combating of financing of terrorism laws were still not up to international standards. PHOTO | SHUTTERSTOCK
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Kenya is asking for more time to seal loopholes that landed it in the Financial Action Task Force’s (FATF) ‘grey list’ last month, even as it promises a “swift exit” ahead of a review in April.
Prime Cabinet Secretary Musalia Mudavadi who is also Cabinet Secretary for Foreign and Diaspora Affairs, last week told a meeting of European diplomats that Kenya has requested FATF for more time to completely tackle the deficiencies but hoping to exit the list soon.
