Kenya has set up policies to counter money laundering and terrorist financial activities in the country.
President William Ruto signed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill 2025 into law.
What Ruto said about new anti-money laundering policy
Speaking on Tuesday, June 17, after the signing of the law at the Statehouse in Nairobi, Ruto said the policy cements Kenya’s position as the leader in East Africa’s financial integrity and regulatory reforms.
“Kenya is keen on pursuing reforms that cement our position in the region as a leader in financial integrity and regulatory reform. The signing of this law reinforces this vision by sealing gaps that facilitate illicit financial flows via property transactions and the use of shell companies,” said Ruto.
Ruto also signed the Insurance Professionals Bill (National Assembly Bills No. 13 of 2024) into law. Which changes are in anti-money laundering law
Members of Parliament (MPs) approved the bill in April 2025, which amended several Acts of Parliament.
The Acts include:
Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A);
Prevention of Terrorism Act (Cap. 59B);
Betting, Lotteries and Gaming Act (Cap. 131);
Retirement Benefits Act (Cap. 197);
Mining Act (Cap. 306);
Sacco Societies Act (Cap. 490B);
Accountants (Cap. 531);
Estate Agents Act (Cap. 533);
Certified Public Secretaries of Kenya Act (Cap. 534); and
Public Benefits Organisations Act, 2013 (No. 18 of 2013)
The law will address the technical compliance deficiencies identified by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG).
It will also address the input of the Financial Action Task Force (FATF) in Kenya’s regime on anti-money laundering, combating terrorism financing and combating proliferation financing. This came after the European Union (EU), through the European Commission, flagged Nairobi as a high-risk for money laundering and terrorism financing.
