The European Commission has placed Kenya in its updated list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism regimes.
The commission said in a statement on Tuesday that it had added a number of third-country jurisdictions to its list, including Algeria, Angola, Côte d'Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal and Venezuela.
Kenya, which has in the past few weeks been putting in place strategic attempts to address the money laundering interventions.
The report means that Kenya and the affected countries have now entered the blacklist of the list of countries subject to extra monitoring of their money laundering controls.
