Implications of Kenya's FATF Greylisting

In this episode recorded on 29.02.2024, we host Nankunda Katangaza - Co-founder and Director, Hook Tangaza, John Kamau - Associate Director Financial Crime Advisory, PwC EA, and Titus Kariuki Senior Manager Financial Crime Advisory, PwC EA to unpack the repercussions of Kenya's greylisting by The Financial Action Task Force (FATF).We also cover the issues Kenya needs to address to get off the grey list, measures to protect against financial crime, cryptocurrency as an attractive channel for illicit funds, and enhancing compliance.Subscribe to get notified when we make a new post.Show Notes00:00:00 Introduction00:04:41 FATF, AML, and CFT00:07:33 Implications of Being on the Grey List00:25:13 Issues to Address to Get Off the Grey List00:36:50 Challenges in Reporting Suspicious Transactions00:42:52 Enhancing Compliance00:59:07 LSK’s Contribution Towards Getting Kenya Off the Grey List01:04:04 Cryptocurrency as an Attractive Channel for Illicit Funds01:07:18 Protecting Against Financial Crime01:13:54 Closing Remarks Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe