NAIROBI, KENYA | Xinhua | Kenyan President William Ruto on Tuesday signed into law the Anti-Money Laundering and Combating of Terrorism Financing Licensed guidelines (Amendment) Invoice, 2025, aimed at strengthening the country’s combat in opposition to financial crimes.
In step with a assertion from the presidency issued in Nairobi, the capital, the legislation is designed to make stronger Kenya’s framework for combating money laundering, terrorism financing, and proliferation financing.
“Its enactment represents a decisive step in bolstering the country’s financial scheme in opposition to illicit financial flows,” the assertion said.
The presidency said the amended law seals long-standing loopholes which possess allowed the misuse of property transactions and shell firms for unlawful financial activities, noting, “these correct reforms reaffirm Kenya’s standing as a leader in financial integrity and make stronger the country’s credibility within the worldwide regulatory regime.”
The presidency said that 10 Acts of Parliament had been amended to address technical compliance deficiencies identified by the Jap and Southern Africa Anti-Money Laundering Community and the Financial Circulate Assignment Power.
“The introduction of enhanced regulatory clarity and oversight in sectors such as loyal estate and mining is anticipated to greatly enhance investor self perception and attract foreign recount investment,” it added. ■
