REGULATION | Kenya Retained on FATF Grey List – Crypto, Fintech Firms Face Rising Compliance Demands

Kenya Retained on FATF Grey List Despite Reforms, EU Flags as High-Risk in 2025

Kenya’s ongoing struggle to shake off international concerns over its anti-money laundering and counter-terrorism financing framework took another hit in February 2025 when the Financial Action Task Force (FATF) retained... The post Kenya Retained on FATF Grey List Despite Reforms, EU Flags as High-Risk in 2025 appeared first on CEO East Africa.

REGULATION | Kenya Retained on FATF Grey List – Crypto, Fintech Firms Face Rising Compliance Demands

Despite making substantial progress on financial crime laws and frameworks, Kenya remains on the Financial Action Task Force (FATF) grey list following the global watchdog’s February 2025 plenary. The decision — reaffirmed by the European Union’s inclusion of Kenya in its own list of high-risk jurisdictions in June 2025 – underscores persistent gaps in regulatory effectiveness, particularly concerning digital finance and non-profit organizations…