𝐊𝐄𝐍𝐘𝐀 𝐑𝐈𝐒𝐊𝐒 𝐋𝐎𝐖𝐄𝐑 𝐑𝐀𝐓𝐈𝐍𝐆 𝐀𝐒 𝐑𝐄𝐆𝐈𝐎𝐍𝐀𝐋 𝐅𝐈𝐍𝐀𝐍𝐂𝐈𝐀𝐋 𝐇𝐔𝐁, 𝐂𝐎𝐌𝐌𝐈𝐓𝐓𝐄𝐄 𝐎𝐍 𝐅𝐈𝐍𝐀𝐍𝐂𝐄 𝐀𝐍𝐃 𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐋𝐀𝐍𝐍𝐈𝐍𝐆 𝐓𝐎𝐋𝐃
The Departmental Committee on Finance and National Planning chaired by Hon. Kimani Kuria (MP) has been told Kenya risks a lower rating as a regional financial hub if she does not expedite amendment to law of anti-money laundering to align to international standards.
The revelation emerged even as the Committee moved to expedite consideration of provisions of the Anti-Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2023, which affect the finance sector.