The Eastern and Southern Africa Anti-Money Laundering Group issued a mutual evaluation report on the anti-money laundering and counterterrorist financing regime of Kenya, highlighting a widely ineffective system.
Patrick Njoroge, governor of the Central Bank of Kenya, delivered a speech at the Kenya Fintech Forum where he outlined three objectives that will help advance financial technology and make it as useful as possible.
German authorities raid JPMorgan Chase, Russian superyachts find new home in sanctions-free Turkey, and more, in the midweek roundup.
Midweek Roundup: Maltese AML Push Mired in Legal Challenges, Wirecard Forged Client Data, and More
Terrorists embrace fintech, blacklisted Russians relying on cryptocurrency, and more, in the midweek roundup.
The Central Bank of Kenya issued an enforcement action against Absa Bank Kenya PLC for failing to apply certain anti-money laundering compliance control standards on foreign exchange trades conducted in March 2020.
Technical | Effectiveness |
---|---|
Compliant : 2 | High : 0 |
Largely Compliant : 1 | Substantial : 0 |
Partially Compliant : 26 | Moderate : 2 |
Non-Compliant : 11 | Low : 9 |
Rank : 9/141 |
Score : 7.18/10 |
Rank : 124/179 |
Score : 31/100 |
Rank : 24/133 |
Score : 76/100 |