(Kenya) Il rapporto del Financial Action Task Force sulla situazione nel Paese (Maria Sofia Reiser, RUSI)

The Financial Action Task Force (FATF), the global standard setter on anti-money laundering and counterterrorist financing (AML/CTF), published its Mutual Evaluation Report on Kenya last month. Kenya faces significant challenges. For example, it is estimated that bad governance and corruption rob Kenya of around KES 270 billion ($2.5 billion) per year. This amounts to around 30% of the government’s annual budget, causing great damage to economic development. The recent analysis highlights good results on confiscating proceeds of crime and the use of financial intelligence. However, there is still a need for improvement in understanding terrorist financing risks, risk-based supervision of regulated entities such as banks and non-financial businesses and professions, and further enhancing financial investigations.

What Does Kenya’s Mutual Evaluation Report Mean, and How Should It Be Used? | Royal United Services Institute (rusi.org)