Kenya's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Kenya

April 2024 - Kenya has made progress in resolving some of the technical compliance shortcomings identified in its 2022 Mutual Evaluation Report.

Fifteen Recommendations have been re-rated.

  • Recommendations 20 and 27 are upgraded from Non-Compliant to Compliant
  • Recommendations 5, 10, 11, 13, 18, 19, 21, 29, and 36 are ugraded from Partially Compliant to Compliant
  • Recommendation 32 is ugraded from Partially Compliant to Largely Compliant
  • Recommendation 23 is upgraded from Non-Compliant to Largely Compliant
  • Recommendations 6 and 22 are upgraded from Non-Compliant to Partially Compliant

Kenya will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving and implementing its AML/CFT measures.

 

ESAAMLG Follow-up report - Kenya 2024

Filename
ESAAMLG-Mutual-Evaluation-Kenya-2022.pdf
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3 MB
Format
application/pdf
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Kenya Follow-Up Report August 2024

R.1 - Assessing risk & applying risk-based approach
PC
R.2 - National cooperation and coordination
PC
R.3 - Money laundering offence
C
R.4 - Confiscation and provisional measures
C
R.5 - Terrorist financing offence
C
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
PC
R.7 - Targeted financial sanctions related to proliferation
PC
R.8 - Non-profit organisations
NC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
C
R.11 - Record keeping
C
R.12 - Politically exposed persons
LC
R.13 - Correspondent banking
C
R.14 - Money or value transfer services
C
R.15 - New technologies
NC
R.16 - Wire transfers
LC
R.17 - Reliance on third parties
C
R.18 - Internal controls and foreign branches and subsidiaries
C
R.19 - Higher-risk countries
C
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
PC
R.23 - DNFBPs: Other measures
LC
R.24 - Transparency and beneficial ownership of legal persons
LC
R.25 - Transparency and beneficial ownership of legal arrangements
PC
R.26 - Regulation and supervision of financial institutions
PC
R.27 - Powers of supervisors
C
R.28 - Regulation and supervision of DNFBPs
PC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
C
R.32 - Cash couriers
LC
R.33 - Statistics
LC
R.34 - Guidance and feedback
PC
R.35- Sanctions
PC
R.36 - International instruments
C
R.37 - Mutual legal assistance
LC
R.38 - Mutual legal assistance: freezing and confiscation
C
R.39 - Extradition
LC
R.40 - Other forms of international cooperation
LC

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