Kenya risks ban from global financial system for laxity in dirty cash reporting

Kenya has not investigated or prosecuted, legal or natural persons for terrorist financing offences in line with its risk profile. [iStockphoto]

Kenya risks being banished from the global financial system by a global money-laundering watchdog.

The country is on the radar of the Financial Action Task Force (FATF) for failing to prevent money laundering and terrorist financing, in a fresh likely blow to the struggling economy.