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Kenya to Roll Back Sanctions on Some MSBs
By Irene Madongo
printKenyan officials will remove some money services businesses from a governmental blacklist following evaluations of the companies' compliance controls, according to an individual with direct knowledge of the matter. Kenya blacklisted the companies and dozens of other businesses and individuals in April in response to a terrorist attack in March by Somali-based al-Shabab on Garissa University that killed 148 people. At the time of the designations, Kenyan officials said the money services businesses (MSBs) would have a week to dispute the sanctions. After hearing the appeals, Kenya's regulators will disclose as early as this week that they intend to remove...
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