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Wash-wash: Jitters as Kenya set to know its fate on money laundering controls

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Kenya's broken systems breed wash-wash cons. [Wilberforce Okwiri, Standard]

Kenya faces an acid test in the next two months on the status of reforms to strengthen anti-money laundering controls with the global dirty money watchdog expected to release its scorecard for the country.

The looming report backed by the Financial Action Task Force (FATF) will either place or exclude Kenya in an infamous grey list for its efforts or lack of in fighting money laundering and terrorist financing.

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