The National Assembly has passed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill (National Assembly Bill No. 5 of 2025) in a bid to comply with international anti-money laundering and counter-terrorism financing standards.
In the new laws, non-governmental organisations (NGOs), SACCOs, betting firms, and mining activities have been mandated with regulatory oversight that will necessitate them to operate differently and comply with international standards.
NGOs will have to comply with the Public Benefits Regulatory Authority, which will now monitor and report NGO finances to the government.
NGOs at risk of terrorism financing will have to undergo periodic reviews to prevent financial abuse.
