
Kenya and Namibia have been added to the international money laundering grey list, highlighting their shortcomings in tackling illicit financial flows, while the UAE has been removed from the list. The Financial Action Task Force (FATF) has directed Kenya to enhance its efforts in prosecuting money laundering activities. In response, Kenya has established a Crypto Working Group aimed at addressing the concerns related to cryptocurrency regulation. Meanwhile, Namibia's placement on the grey list denotes similar issues with illicit financial flows.
Lack of #Cryptocurrency Regulation Threatens the Kenyan Financial System https://t.co/ermepN4TLj
The Financial Action Task Force has directed Kenya to step up its efforts in prosecuting money laundering activities https://t.co/9VpzTNTNg7
#BREAKING UAE removed, Kenya and Namibia added to int'l money laundering grey list https://t.co/WoTWYI16jN


