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Truth Without Fear
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The Kenya Revenue Authority (KRA) has dismissed the country’s inclusion on the Financial Action Task Force (FATF) grey list, terming it as unjustified, arguing that concerns over illicit financial flows and trade misinvoicing are overstated.
KRA Board Chairman Ndiritu Muriithi said these issues are not significantly affecting Kenya’s revenue mobilisation, despite data showing the exchequer loses billions to illicit transactions.
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