Browsing: Terrorism Financing

• Six African nations ranked among the top 10 globally for money laundering and terrorism financing risk by the 2023 Basel AML Index.
• Another 11 African countries are grey-listed by the Financial Action Task Force (FATF), including Kenya, Tanzania, and South Africa.
• The overall economic ramifications of these crimes are staggering, from lost FDI to widespread inequality.

Money laundering, corruption, and terrorism financing are no longer hidden threats—they are destructive forces ravaging Africa’s economies.

With six African nations ranked among the top 10 globally for money laundering and terrorism financing risk by the 2023 Basel AML Index, the scope of the problem is frightening. Add to this the 11 African countries grey-listed by the Financial Action Task Force (FATF), including Kenya, Tanzania, and South Africa, and the stakes become even more urgent. Mineral-rich South Sudan and the Democratic Republic of Congo stick out like a sore thumb on this dirty list.…

• Anti-Money Laundering watchdog removed Uganda from its grey list
• Treasury said Kenya underwent an assessment conducted by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) in 2022.
• CS Ndung’u said the move underscores the need for swift action to bolster Kenya’s compliance efforts.

Finance Action Task Force (FATF), the global anti-money laundering watchdog, has placed Kenya on a list of 23 countries that are ‘not doing enough’ to fight money laundering.

FATF placed Kenya on its ‘grey list’ while Uganda has been removed from the list. The decision to put Kenya on the grey list might diminish Nairobi’s position as the financial enike air max 90 futura kansas city chiefs crocs sac à dos eastpak air max 270 women sit top kayak smith and soul nike air max 90 futura dallas cowboys slippers mens latex hood borsa prima classe custom kings jersey custom kings jersey jordan proto …