Kenya's New Terror-Financing Rules Sevenfold Increase AML Fines for Banks, Fintechs and Crypto Firms

Kenya has enacted new counter-terrorism financing rules under FATF pressure that increase anti-money-laundering fines by approximately sevenfold, tightening the compliance burden on banks, fintechs, and virtual asset service providers. The regulatory tightening directly raises operating costs and compliance requirements for the country's digital financial sector.