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The Departmental Committee on Finance and National Planning chaired by Hon. Kimani Kuria (MP) has been told Kenya risks a lower rating as a regional financial hub if she does not expedite amendment to law of anti-money laundering to align to international standards.
The revelation emerged even as the Committee moved to expedite consideration of provisions of the Anti-Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2023, which affect the finance sector.