Kenya Steps Up AML/CFT Reforms to Exit FATF Grey List

Principal Secretary Dr. Chris Kiptoo today convened principals of Kenya’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) implementing agencies, representing Cabinet Secretary Hon. FCPA John Mbadi, to accelerate reforms under the International Cooperation Review Group (ICRG) Action Plan and secure Kenya’s exit from the Financial Action Task Force (FATF) Grey List.

Kenya is implementing decisive, time-bound measures to strengthen its AML/CFT framework, address identified deficiencies, and restore international confidence in the integrity of its financial system.

The meeting reviewed 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. Other strides include strengthened institutional coordination, enhanced risk-based customer due diligence, improved reporting of suspicious transactions, and intensified inter-agency collaboration across key sectors.

“The Government remains firmly committed to completing the remaining reforms with urgency and precision to safeguard financial stability, reinforce investor confidence, and restore Kenya’s standing within the global financial system,” said PS Dr. Kiptoo.

Officials emphasized that the continued implementation of these reforms is critical to maintaining a robust financial sector and ensuring Kenya’s full compliance with international financial standards.