Kenya’s greylisting for weak action on money laundering and terrorism financing: what that means and what must happen next
KENYA and Namibia are the latest African countries to be placed on the Financial Action Task Force’s grey list over their weak measures against money laundering and terrorism financing. Being on the grey list is typically seen as an indictment of a country’s ability to identify and effectively redress financial crimes. It warns investors to be cautious in dealings with the country. Financial crimes researcher Louis de Koker, who has recently studied the economic consequences of greylisting, answers questions on the move. Why is Kenya on the grey list? In February 2024 Kenya was greylisted by the Financial Action Task…
