President William Ruto has today assented to two Bills at State House, Nairobi.
The two, Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill 2025 and Insurance Professionals Bill (National Assembly Bills No 13 of 2024), seek to seal gaps that facilitate illicit financial flows and boost the standards of service and professionalism in the industry, respectively.
The Anti-Money Laundering Bill, passed by MPs on April 16, introduces amendments to 10 Acts of Parliament.
It seeks to combat money laundering, terrorism financing, the illegal proliferation of funds, and strengthen oversight of civil society funding, betting firms, and other sectors.
