In its 28 July edition, The Star in Kenya reported that motor vehicle dealers, the legal sector, casinos and the gaming industry have made Kenya highly vulnerable to money laundering; and that car dealers have emerged to be the leading laundering agents. This is according to the Money Laundering and Terrorism Financing National Risk Assessment 2021 (NRA) Report. The report also says that terrorism is not a major proceeds-generating crime in Kenya and is rated as of low risk in terms of the level of threat to money laundering – and the overall vulnerability for terrorism financing was assessed as medium-low. The US Government recently listed Kenya as a “major money laundering jurisdiction”.
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