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Kenyan Treasury Cabinet Secretary Njuguna Ndung’u has said the International Monetary Fund (IMF), World Bank and various Western governments have pledged to support the East African country in addressing deficiencies in dealing with money laundering and terrorism financing. Last week, the Paris-based international watchdog Financial Action Task Force (FATF) placed Kenya on its so-called “grey list” of countries that don’t take full measures to combat the problem. The FATF said it has asked Kenya to supervise cryptoassets, improve the quality of financial intelligence, and increase prosecution …

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