- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-02-26T20:14:00
Kenya was one of two African countries included in the Financial Action Task Force’s (FATF) latest update to its list of jurisdictions under increased monitoring for money laundering and terrorist financing, while the United Arab Emirates (UAE) was among four countries removed.
The designations were announced by the FATF on Friday. The intergovernmental organization’s so-called “grey list” identifies jurisdictions actively working to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
Kenya and Namibia were added in the update, which saw the UAE, Uganda, Barbados, and Gibraltar each removed after making “significant progress” in improving their respective anti-money laundering/countering the financing of terrorism (AML/CFT) regimes.
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Jamaica and Türkiye made “significant progress” addressing deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) programs, warranting their removal from the Financial Action Task Force’s grey list.
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