Kenya has intensified reforms aimed at strengthening its fight against money laundering and terrorism financing, as the government works to restore international confidence in the country’s financial system.
Speaking in Nairobi on behalf of National Treasury Cabinet Secretary John Mbadi, Principal Secretary Dr Chris Kiptoo said the country is determined to close the remaining gaps under the International Cooperation Review Group (ICRG) process.
“We are taking decisive actions to complete the remaining reforms and secure Kenya’s exit from the Financial Action Task Force grey list,” Kiptoo said.
He made the remarks during a meeting with principals from agencies implementing Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures.
The meeting reviewed progress and agreed on the next steps toward removing Kenya from the international monitoring list.
Dr Kiptoo said Kenya has already recorded significant progress, including the enactment of the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Act, 2025, and the Virtual Asset Service Providers Act, 2025.
He added that the reforms have strengthened coordination among government agencies, improved risk-based customer due diligence, enhanced suspicious transaction reporting, and promoted closer cooperation across key sectors.
The Treasury says the reforms are expected to boost investor confidence, protect the integrity of the financial system, and support Kenya’s broader economic growth agenda.
