Kenya has been told exactly what needs to happen to get off the grey list for money laundering and terrorism financing.
European Union Ambassador to Kenya, Henriette Geiger, spoke in an interview on Thursday, June 19, where she explained that Kenya's listing as a high-risk country, announced earlier this year by the European Commission, was not disastrous, but had placed the country under the EU's watchful eye.
Amid concerns over hefty sanctions following the grey listing, Geiger clarified that Kenya was not subject to economic consequences like countries such as South Korea. "The grey listing is not about sanctions.
The EU cannot interfere in your legal processes," Geiger clarified. "The goal is to improve your mechanisms for combating financial crime, not punish you," she clarified.
