https://www.the-star.co.ke/news/2025-02-18-mudavadi-kenya-to-take-part-in-financial-action-task-force-meeting-in-france

Kenya has been invited to participate in the February Financial Action Task Force meeting in Paris, France, Prime Cabinet Secretary Musalia Mudavadi has said.

The CS said the invitation comes at a pivotal moment in Kenya's ongoing efforts to exit the FATF grey list under the first review.

In a statement on Tuesday, PCS congratulated the Financial Action Task Force delegation for their efforts.

“The Ministry of Foreign and Diaspora Affairs commends the Financial Action Task Force (FATF) for recognizing Kenya's steadfast commitment to combating money laundering, terrorist financing, and the proliferation of weapons of mass destruction further cementing the country's growing influence on the global financial stage,” Mudavadi said.

The CS said the country is marking its inaugural engagement as a non-member for a year.

“This opportunity not only enhances Kenya's voice in international financial security discussions but also underscores its dedication to strengthening global compliance standards,” he added.

He added that the move also reaffirms the nation's standing as a key economic and financial hub in Sub-Saharan Africa, playing a crucial role in facilitating trade, investment and cross-border financial stability.

Mudavadi said Kenya's proactive leadership in tackling financial crimes not only safeguards its economic interests but also reinforces the resilience of regional financial systems.

He congratulated the Kenyan delegation led Director General of the Financial Reporting Centre Saitoti Ole Maika, the Director of Public Prosecutions Renson Ingonga and senior officials from KRA and NCTC for their instrumental role in ensuring Kenya's contributions are well represented at the high-level forum.

The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog.

It sets international standards that aim to prevent these illegal activities and the harm they cause to society.

The FATF carries out research into evolving methods and trends to assist countries in identifying, assessing and understanding their money laundering and terrorist financing risks.

In 2024, the Financial Action Task Force reported that Kenya had made progress in addressing some of the technical compliance deficiencies identified in its MER.