Combating Proliferation Financing News Today

WINDHOEK, Feb. 23 (Xinhua) -- Namibia was grey-listed by the Financial Action Task Force (FATF) Friday, due to concerns over the country's compliance with international Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Combating Proliferation Financing (CPF)

One of the key considerations for Kenya in its positioning as a global financial services and investment hub is its strategies in combating money laundering.

Findings from the report showed that the banking industry was assessed as the sector with the highest impact on the national money laundering vulnerability, largely due to the important role played by commercial banks in the economy. | Business Insider Africa