Kenya has been sharpening its tools to detect and block illicit money flows, with hope of being removed from the financial crimes watchdog's “grey list”.
By
Julians Amboko
Contributor
The Central Bank of Kenya (CBK) wants the Microfinance Bill 2026 amended to expressly grant it powers to enforce anti-money laundering measures, warning that the omission would compromise the country’s efforts to exit a global watch list on illicit financing.
CBK Governor Kamau Thugge said the proposed law on micro lenders doesn’t sufficiently align with the country’s anti-money laundering framework.
The Central Bank of Kenya (CBK) is seeking powers to regulate, supervise and enforce compliance for Anti-Money Laundering under…
At least seven microfinance banks will need fresh capital to meet proposed CBK requirements.
Complaints against digital lenders have risen despite tighter regulation of the sector, suggesting consumer protection concerns…
Kenya was placed on the FATF grey list on February 23, 2024, after the global watchdog flagged weaknesses in the country’s…
The CBK provides liquidity to commercial and microfinance banks as a lender of last resort to ensure the sector’s stability.
On Monday, President William Ruto signed the Central Bank of Kenya (Amendment) Bill, 2026 into law, giving CBK new powers to…
